RiverPark Medical Center
Multi-Tenant Medical Office Building | Louisiana
Transaction Details
$13.3 million
Vidalia, LA
44,500 SF
Medical Office Building
Investment Sale
Multi-Tenant
Key Highlights
Property Overview
CREG Healthcare successfully represented the seller in the $13.3 million sale of RiverPark Medical Center, a 44,500 square foot institutional-quality medical office building in Louisiana serving a diverse roster of specialty medical tenants.
Transaction Highlights
RiverPark Medical Center represents one of the premier medical office buildings in the Louisiana market. The property features modern construction, excellent visibility and access, and a diverse multi-specialty tenant mix including cardiology, orthopedics, imaging, and primary care. The building's institutional quality design and strong tenant roster made it highly attractive to medical office investors seeking stable, well-located assets.
Property Features
Institutional Quality
Class A construction with modern building systems, professional management, and excellent curb appeal in established healthcare corridor.
Multi-Specialty Tenancy
Diverse tenant roster providing specialty care services with strong physician credentials and established patient bases.
Strategic Location
Prime location with excellent visibility, access, and proximity to major hospital systems and healthcare infrastructure.
Strong Market
Serving Louisiana market with favorable healthcare utilization and limited competitive medical office supply.
Why This Transaction Succeeded
- Property Quality: Institutional-grade building with excellent condition and professional management attracted quality buyers.
- Tenant Diversification: Multi-specialty tenant mix provided income stability and reduced single-tenant risk for investors.
- Market Position: Prime location in established medical corridor with limited competing properties enhanced value.
- Professional Marketing: Comprehensive marketing campaign to regional and national medical office investors generated competitive interest.
- Transaction Execution: Smooth due diligence process and strong property documentation facilitated efficient closing.
Transaction Outcome
RiverPark Medical Center sold for $13.3 million to a regional healthcare REIT, representing a premium valuation for the property's quality, location, and tenant profile. The transaction showcased CREG Healthcare's ability to market institutional-quality medical office buildings to achieve optimal pricing through competitive bidding.
"CREG Healthcare's understanding of the institutional medical office market and their relationships with quality buyers resulted in a competitive process that maximized the value of our Louisiana property."
Your Transaction Team
Work directly with our experienced managing partners who have closed billions in medical real estate transactions.
Considering Selling Your Medical Property?
Learn how CREG Healthcare can help you achieve similar results with your medical office building, surgery center, or portfolio.