Griffin-American Healthcare REIT Closes on Southeast Portfolio for $25.1M

Griffin-American Healthcare REIT II (formerly Grubb & Ellis Healthcare REIT II) has closed on three medical office buildings in the Southeastern U.S. for a total of $ 25.1 million, or about $ 215 per square foot.

The three properties total 116,802 square feet, and all enjoy high occupancy and are either located on or in close proximity to a regional medical center.
Boynton East Medical Pavilion totals 28,286 square feet at 2800 S. Seacrest Blvd…
South Florida Commercial Real Estate News From CoStar Group