CHICAGO, IL – July 31, 2020 – STREAM Capital Partners, LLC, a national net lease and sale-leaseback advisory group, has arranged the sale and leaseback of a 20k square foot medical office facility in the Hartford MSA. The transaction closed at a purchase price based on a 6.4% cap rate.
The facility, a licensed ambulatory surgery center, houses a climate-controlled In Vitro Fertilization lab as well.
Chelsea Mandel of STREAM Capital Partners represented the seller in the transaction. Mandel said of the transaction, “This is a very important facility, and I’m glad we were able to be a part of this transaction. My client will use the proceeds from the sale to facilitate the company’s growth and expansion plans. And the buyer is adding to its medical real estate portfolio a mission-critical asset leased on a long-term basis to a world-class operator in the fertility market.” Mandel is seeing robust demand from investors for medical and healthcare-related real estate investment opportunities.
Please contact broker, Chelsea Mandel, for further details on this transaction.