Candor Capital Purchases Hospital In Riverhead From 372 Jericho For $23.8M

The asset involved in this transaction is a hospital located at 877 East Main Street in Riverhead. The property encompasses a total space of 102,000 square feet and was sold for a transaction amount of $23,800,000.00.

Summary of transaction details:

• Property Type: Hospital
• Transaction Amount: $23,800,000.00
• Address: 877 East Main Street
• Market: Riverhead
• Size: 102,000.0 SF
• Buyer: Candor Capital - Ben Meshel and Jeff Meshel
• Seller: 372 Jericho - Diane Macari

The deal featured Ben Meshel and Jeff Meshel representing Candor Capital as the buyers, while Diane Macari represented the seller, 372 Jericho. This transaction showcases significant participation from both parties in the sale process of the hospital property.