Pinnacle Announces Sale of Two Tenant Medical Office Building
Posted on April 4, 2024
Pinnacle Real Estate Advisors, LLC is pleased to announce the sale of a Fresenius anchored, two tenant medical office building for $2,310,849 and a 6.85% Cap Rate. Keith Lenz, Associate Advisor, and Dallas Sandberg, Senior Advisor, assisted the Seller in the transaction.
“We were honored to assist our client on the sale of a pristine two tenant medical office building which currently houses a global kidney dialysis company and a local doctor. The Seller was able to add value to the property by extending the current leases and bringing them up to market rates. This created a fantastic, stabilized investment for the new owner and helped us achieve top range pricing,” said Keith Lenz.