Savlan Capital Acquires Medical Office In Dallas, TX & Richmond, VA For $26M

A medical office property located at 9250 Amberton Parkway in Dallas, TX and 8575 & 8580 Magellan Parkway in Richmond, VA has been sold for a price of $26,000,000. The property spans a total of 163,484 square feet, resulting in a price per square foot of $159. The transaction took place on February 14, 2022.

Summary of transaction details

• Property Type: Medical Office
• Sale Price: $26,000,000
• Square Footage: 163,484
• Price per Square Foot: $159
• Address: 9250 Amberton Parkway, Dallas, TX & 8575 & 8580 Magellan Parkway, Richmond, VA
• Buyer: Savlan Capital - Zusha Tenenbaum
• Seller: Modiv
• Brokers: Joe Massa, Anthony Lunceford, Thomas Fakharzadeh & Michael Grenaway - Institutional Property Advisors (IPA)

The buyer in this transaction was Savlan Capital, represented by Zusha Tenenbaum. The seller was Modiv. The deal was facilitated by brokers Joe Massa, Anthony Lunceford, Thomas Fakharzadeh, and Michael Grenaway from Institutional Property Advisors (IPA).