National CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Four Springs Buys Three MOBs for $25M
Four Springs Capital Trust, headquartered in New Jersey, acquired a portfolio of three single-tenant medical buildings in Utah and Colorado from a Bettendorf, IA seller for $24.5 million. The buildings, which operate as plasma collection facilities for BioLife Plasma Services, are each 16,694 square feet.
The bioscience buildings are at:
- 13503 S. Hamilton View Rd., Riverton, UT
- 632 N. 900 W. St., American Fork, UT
- 478 S. Martin St., Longmont, CO
FSCT’s portfolio contains 48 properties in 21 states, that are leased to 23 tenants. “These properties, which are of high quality construction in well-trafficked retail and medical areas, are a welcome addition to Four Springs’ portfolio,” said FSCT’s Cindy Daly.
For comments, questions or concerns, please contact Amy Sorter
- ◦Financing
- ◦Sale/Acquisition
