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BUYER: ARC GSNPRFL 001 LLC (American Realty Capital II LLC), New York City
SELLER: Heidorn Development FL Inc.
PROPERTY: 9912 and 9934 Little Road, New Port Richey
PRICE: $8.59 million
PREVIOUS PRICE: $880,000
PLANS, DESCRIPTION: American Realty Capital Healthcare Trust Inc., an affiliated company of American Realty Capital II LLC, purchased a 38,219-square-foot healthcare rehabilitation center and a nearby 1,545-square-foot retail building for $8.59 million.
The price equated to $216 per square foot.
The larger of the two buildings is leased to the U.S. Department of Veterans Affairs and is used as an outpatient clinic of the VA. State Farm Insurance anchors the 46-year-old retail building. The two buildings occupy a total of 9.18 acres.
“It was an attractive opportunity to buy a high-quality asset with a tenant on a long-term lease,” says Tony DeFazio, a spokesman for the company. “They are buying medical office facilities all over the country.”
American Realty Capital Healthcare Trust is a Maryland-based public real estate investment trust that owns a portfolio of real estate properties focused around medical office buildings, hospitals, assisted living facilities and skilled nursing facilities.
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