Block Healthcare Development LLC of Kansas City, Missouri, announced last week that it has closed on the acquisition of three medical office buildings in Siloam Springs and in Ringgold and Tucker, Georgia.
One of the two acquisitions announced included the buildings in Arkansas and Ringgold.
The building at 603 Progress Ave. in Siloam Springs is 18,542 SF and sold for $5 million. SE Medical Arkansas LLC was the buyer. AR Medical Holdings I LLC was the seller.
The building in Ringgold is 7,955 SF and sold for $1.77 million. SE Medical Georgia LLC was the buyer. Daniel B. Fox LLC was the seller.
BHD said called it "an outstanding investment for those seeking a combination of 100 percent occupancy, strategically-located services, strong credit tenancy, and steady yields."
The Tucker building is 8,749 SF and 100 percent leased to Northlake Surgical Center LP. BHD called it "an outstanding investment for those seeking a combination of 100 percent occupancy and long term leases."