Kinston, NC and Jacksonville, NC – MedSouth Healthcare Properties is pleased to announce the recent acquisition of an off market portfolio of properties located at 2541 N. Queen St., and 4 Josh Court. Both properties are occupied by the Atlantic Medical Group. The properties have been acquired as a sale leaseback transaction under a long-term, single tenant, absolute net master lease structure. The properties are strategically located in the medical districts of both Kinston and Jacksonville NC with the Jacksonville location being only 0.9 Miles from Onslow Memorial Hospital and the Kinston property being only 0.7 miles away from UNC Lenoir Health Hospital.
The property in Kinston consists of a building comprising of an approximately 6,772 square foot building and situated on approximately 2.00 acres. And the property in Jacksonville consists of an approximately 6,775 square foot building and situated on approximately 0.97 acres
“This portfolio is the hallmark product type that MedSouth focuses on. Having the opportunity to be direct and off market with the physician owner allowed MedSouth the opportunity to align interests with the seller to meet the goals of all parties involved”. MedSouth Co-Founder Benjamin E. Bivens, CCIM said. Benjamin further stated that “The physician sale leaseback solution is growing interest in today’s market climate and MedSouth is positioned to serve this market well”.
MedSouth Co-Founder William S. Transou said “We are pleased with the opportunity to acquire these two assets and add them to our growing portfolio of healthcare investment properties. We continue to seek out similar opportunities like this throughout the southeastern U.S. and are actively working towards adding to our portfolio in 2023”.
MedSouth Healthcare Properties, LLC is a private real estate investment firm based out of Charlotte,
MedSouth is primarily focused on acquiring and managing income producing healthcare properties located in the Southeastern United States. The firm provides sale leaseback solutions for physician groups and hospital organizations looking to grow their organization by unlocking working capital in their real estate. MedSouth Healthcare Properties, LLC also works with private investors, developers and real estate firms that are interested in selling their income producing healthcare real estate.
For additional Press related comments and information feel free to contact: Benjamin E. Bivens Benjamin@MedSouthHCP.com
Bill Transou Bill@MedSouthHCP.com
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