TAMPA, FL—Carter Validus Mission Critical REIT II, Inc., recently announced the purchase of the Clive Healthcare Facility and the Valdosta Healthcare Facilities Portfolio for approximately $33.7 million.
The Clive Healthcare facility, located in Clive, Iowa— approximately 10 miles east of Des Moines— is 58,156 square feet and was acquired for approximately $23.5 million. Situated on 1.02 acres, the two-story facility was constructed in 2008. The asset is 100% leased and is anchored by an ambulatory surgery center.
The Valdosta Healthcare facilities portfolio, located in Valdosta, Georgia, was purchased for approximately $10.2 million and consists of two medical office buildings situated on 4.35 acres. One facility, 24,750 square feet, is a two-story medical office structure built in 2004. The other facility, a single-story 12,745 square feet medical office building, was completed in 1992. Both facilities are 100% leased.
“We are pleased with this portfolio acquisition as it presents the opportunity to acquire two healthcare facilities with a long-term tenant that has been in operation for over 30 years and is also the largest primary care practice in the region,” says Michael Seton, Chief Executive Officer and President, Carter Validus Mission Critical REIT II, Inc.
Carter Validus Mission Critical REIT II, Inc. is a public, non-traded corporation headquartered in Tampa, Florida.