Candor Capital Acquires Hospital In Erie, PA For $22M

The Northgate Commons Hospital, located at 1526-1700 Peach Street in Erie, PA, has been sold in a recent transaction. The hospital spans approximately 181,720 square feet and was acquired by Candor Capital, represented by Ben Meshel and Adam Ibrahim. The property was sold by Greg Baldwin for a total price of $22,000,000, resulting in a price per square foot of $121.

Summary of transation details

• Property Type: Hospital
• Transaction Amount: $22,000,000
• Square Footage: 181,720
• Address: 1526-1700 Peach Street - Northgate Commons
• Market: Erie, PA

Ben Meshel and Adam Ibrahim, representing Candor Capital, successfully completed the purchase of the Northgate Commons Hospital. The deal was facilitated by Greg Baldwin, the seller. This transaction showcases the investment potential in the healthcare real estate sector in Erie, PA.