Welcome to the official blog of Block Real Estate Services, LLC (BRES). BRES seeks to offer insight and news concerning commercial real estate, financial investments, construction and development of the 212 communities we serve locally and nationally.

Tuesday, October 1, 2013

BRES' Deal of the Week - Athens Medical, LLC

Steve Bessenbacher and Stephen Block of Block Real Estate Services, orchestrated approximately a $2M Medical Office Building (MOB) in Athens, TN.
Athens Medical, LLC - MOB Sale

Details of the Deal:

Location: 105 N. Meadow Drive, Athens, TN.
Square Feet:  Consists of a 6,763 SF building on .37 acres of land
Property Owner: Athens Medical, LLC
Sale Price: $2M

More details about the property:
Athens Medical is located less than one half mile from Athens Regional Medical Center, a 118-bed acute-care facility owned and operated by Tennessee based Lifepoint Hospitals. In addition, the site is surrounded by complimentary specialty medical practices.

They have very strong tenants-Athens Surgery Center, LLC, which is a joint entity between Lifepoint Hospitals and the Lifepoint physicians operating at the facility. Athens Surgery Center, LLC is a wholly owned subsidiary of Lifepoint Hospitals.

For more information on Healthcare Sales or Development contact:
Stephen Bessenbacher - Block Healthcare Development

Stephen Bessenbacher
Vice President
Block Healthcare Development

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