Carter Validus Mission Critical REIT II Acquires Mission Critical Property
The $6,254,000 integrated medical facility is located in North Carolina.
Carter Validus Mission Critical REIT II, Inc. ("CVMCR II") announced that it acquired the Winston-Salem North Carolina Integrated Medical Facility ("IMF") property for $6,254,000.
This property measures approximately 22,200 sq ft in net rentable area and is in close proximity to the region's two largest hospitals and within Forsyth County, home to North Carolina's Biotechnology Corridor.
The facility, built in 2004, houses several specialized treatment rooms, including four auditory booths and two procedure rooms that are used for in-office surgeries and procedures. In addition, the property serves as the headquarters for Piedmont Ear, Nose & Throat Associates, PA ("PENTA"), a leading Ear, Nose and Throat ("ENT") group in the region, which operates out of four locations in North Carolina. The property is 100% leased to PENTA.
"The IMF is designed to help ENT physicians and audiologists provide the highest level of care to their patients," said Michael Seton, president and chief investment officer, Carter Validus Advisors II, LLC. "We are pleased to align ourselves with such a well-regarded organization in the field of otolaryngology. We are thrilled to be working with high-quality tenants like PENTA and to be able to add this facility to our portfolio of mission critical assets."