Grove Metropolis medical workplace constructing. Picture courtesy of Anchor Well being Properties
Anchor Well being Properties has acquired a 38,327-square-foot medical workplace constructing in Grove Metropolis, Ohio, from Trivium Improvement for $10.2 million, Franklin County data present.
The acquisition was financed with an acquisition mortgage of $6.8 million, offered by First Residents Financial institution, in accordance with the data.
Anchor Well being purchased the asset by its discretionary fairness fund, Chestnut Healthcare Fund II, which is co-managed with Chestnut Funds. The corporate will present asset and property administration for the medical workplace constructing.
READ ALSO: Why MOBs Provide Wholesome Investor Attraction
Trivium Improvement accomplished the two-story Class A facility in 2019. On the time of the sale, the property was absolutely occupied and anchored by the Grove Metropolis VA Clinic. Further tenants embrace The James Grove Metropolis, which is a part of the Ohio State College Complete Most cancers Heart, in addition to Fresenius Kidney Care, Central Urology Group and Columbus Nephrology.
The property is situated at 5775 N Meadows Highway, 11.6 miles from downtown Columbus and has entry to Interstate 71. The power is adjoining to the Mount Carmel Hospital Grove Metropolis, a full-service hospital campus which provides 210 inpatient beds. Different medical service suppliers within the surrounding space embrace Grove Metropolis Main Care and Grove Metropolis Smiles, amongst others.
Engle Actual Property represented the vendor within the transaction.
Rising a health-care portfolio by acquisition funds
The present transaction marks not solely Anchor Well being’s entry into the Columbus market, but in addition one other acquisition made by its discretionary fund.
Anchor Well being acquired a number of medical workplace buildings final yr, together with a property in metro Portland bought in late December and Blue Hills Medical Heart, a 47,350-square-foot facility which expanded the corporate’s Boston footprint.
Charlottesville, Va.-based Anchor Well being expanded its portfolio in two different markets within the fourth quarter of 2022, with the acquisition of a 96,357-square-foot constructing in metro Atlanta and a 32,886-square-foot medical workplace constructing in Delray Seaside, Fla., in a three way partnership with Harrison Road.
