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Savlan Capital Snags MOB in Dallas for $7M
Savlan Capital has acquired a 38,794-square-foot medical office building in Dallas for $7 million as part of a $26 million portfolio acquisition. The other two properties in the portfolio are located in Richmond, VA.
The property in Dallas is located at 9250 Amberton Parkway and was constructed in 1978 and renovated in 2006. It houses Texas Health Resources. The Richmond properties are located in Windsor Business Park, a 62-acre office and industrial development. They include 8575 Magellan Parkway, which was acquired for $8.8 million and 8580 Magellan Parkway, which was acquired for $10.2 million. The Richmond properties are occupied by Williamson Drug Co. and Bon Secours Mercy Health, respectively.
The portfolio seller, Modiv, was represented by Joe Massa, Anthony Lunceford, Thomas Fakharzadeh and Michael Grenaway of Institutional Property Investors.
The Hollywood, FL-based Savlan Capital’s MOB portfolio, acquired over the past nine months, now stands at approximately $100 million. The company currently has five additional medical office buildings valued at approximately $15 million under contract.
- ◦Sale/Acquisition
