Kings Row Medical Properties Acquires Medical Office In Bridgewater For $10.5M
1081 US Route 22
24,200 SF
Summary
Kings Row Medical Properties has acquired a medical office/surgery center in Bridgewater for $10.5 million. The property, located at 1081 US Route 22, spans 2.5 acres and offers a total area of 24,200 square feet. The transaction was facilitated by Erica Davidson of Lee & Associates.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: $10,500,000
- Address: 1081 US Route 22
- Market: Bridgewater
- Area: 2.5 acres
The medical office/surgery center benefits from a strategic location, with strong demographics in the area. It houses prominent orthopedic and physical therapy practices, as well as state-of-the-art surgery centers, making it an appealing investment for Kings Row Medical Properties.
Gary Sopko, also from Lee & Associates, served as the mortgage broker for the transaction, ensuring a smooth financing process for the buyer. The acquisition of this medical office aligns with Kings Row Medical Properties' strategy to expand its portfolio in the healthcare sector.
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