SOLD
Michael Seton Acquires Hospital From Joe Baugh In Brownsburg For $39M
8920 East 56th Street
Hospital
56,000 SF
56,000 SF
Sold 65 days ago
Summary
Sale
INDIANA
Hospital
56,000 sqft
The hospital located at 8920 East 56th Street in Brownsburg, IN, spanning 12.2 acres, was sold for $39,000,000. The facility, covering 56,000 square feet, was acquired by Michael Seton of Sila Realty Trust Inc. from Joe Baugh of Capital Growth Medvest. The property is a fully leased inpatient rehabilitation facility that offers acute rehabilitation services with 40 beds, operated as a joint venture between Community Health Network and Lifepoint Rehabilitation.
Summary of transation details:
- Property Type: Hospital
- Transaction Amount: $39,000,000
- Acres: 12.2
- Square Footage: 56,000
- Address: 8920 East 56th Street
- Market: Brownsburg, IN
Michael Seton, representing Sila Realty Trust Inc., purchased the inpatient rehabilitation facility from Joe Baugh's Capital Growth Medvest. The transaction involved a total of $39,000,000, marking a significant investment in the healthcare real estate sector. The facility's strategic location in the Indianapolis suburb of Brownsburg adds to its value and potential for continued growth and success in the healthcare market.
Details
SOLD
IMAGE: Joe Baugh & Michael Seton
DATE: 03/01/2024
ADDRESS: 8920 East 56th Street
MARKET: Brownsburg, IN
ASSET TYPE: Hospital ~ ACRES: 12.2
BUYER: Michael Seton - Sila Realty Trust Inc.
SELLER: Joe Baugh - Capital Growth Medvest (@CGMedvest)
SALE PRICE: $39,000,000
SF: 56,000 ~ PPSF: $696
NOTE: Sila Realty Trust Inc. purchased a fully leased inpatient rehabilitation facility in Brownsburg, Indianapolis suburb, for $39 million from Capital Growth Medvest. The 56,000-square-foot facility, operated as a joint venture between Community Health Network and Lifepoint Rehabilitation, offers acute rehabilitation services with 40 beds.View on map
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Address8920 East 56th Street
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