Block Healthcare Development Closes on Acquisition of Two Medical Facilities in Las Vegas Metropolitan Area
LAS VEGAS, Nevada --- April 6, 2017--- Block Healthcare Development, LLC (BHD) recently closed a deal on the acquisition of two state-of-the-art radiology centers operated by West Valley Imaging. One is located in Las Vegas, Nevada and the other in Henderson, Nevada.
The facilities were acquired from Sundant Limited Partnership for a total consideration of $6,830,000. One of these facilities is located on South Rainbow Boulevard, which is one of the busiest arterial roads in the Las Vegas Metro area. The other facility is located in the prestigious 83052 zip code of Henderson, Nevada.
Together, these properties total 19,530 square feet and provide the community with a complete selection of radiology services. Both the South Rainbow and Henderson locations were an outstanding investment for those seeking a combination of 100% occupancy, long-term leases with personal guarantees, and steady annual yields.
BHD handles healthcare real estate transactions ranging from the development of medical offices to the acquisition of net-leased medical office properties. BHD acquired over 165,000 square feet of new property in 2016. BHD operates in conjunction with Block Funds (BF), a leading commercial real estate private equity firm. BF allows accredited investors seeking income, capital preservation and appreciation an opportunity to earn high, stable cash yields and competitive risk-adjusted returns.
Both BHD and BF are affiliates of Block Real Estate Services, LLC (BRES), a full-service commercial real estate company managing over 37 million square feet of retail, office, industrial, and multifamily properties for equity partnerships and third party owners.
To learn more about BHD or register to receive updates on investment opportunities, visit: https://www.blockfunds.com/
For more information contact:
Stephen J. Block
Principal
Block Real Estate Services, LLC
816.932.5537
sblock@blockllc.com
Stephen Bessenbacher
Vice President
Block Healthcare Development
816.412.8467
sbessenbacher@blockllc.com
