Mediplex Property Group Acquires 1230 American Blvd Medical Office From Nueterra Capital For $6.5M

Mediplex Property Group acquired a medical office building located at 1230 American Boulevard in West Chester, PA. This transaction involves a property with a total area of 28,127 square feet, sold for a price of $6,500,000, equating to approximately $231 per square foot.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $6,500,000
• Address: 1230 American Boulevard
• Market: West Chester, PA
• Square Footage: 28,127
• Price per Square Foot: $231
• Buyer: Mediplex Property Group
• Seller: Nueterra Capital
• Brokers: Stephen Marzullo, Stephen Gersbach, Adam Silverman & Scott Gabrielsen - CBRE

This transaction involves key players such as Mediplex Property Group as the buyer and Nueterra Capital as the seller. The deal was represented by CBRE, with brokers Stephen Marzullo, Stephen Gersbach, Adam Silverman, and Scott Gabrielsen facilitating the transaction. The property includes tenants such as MUVE-West Chester Ambulatory Surgery Center and Stay Suites, positioning it three miles from downtown West Chester and 26 miles from Philadelphia International Airport.