40-Day Quick Close Transaction Sold in a 1031 Exchange

 

Bentonville, AR – Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, recently brokered the $7,750,000 sale of Pain Treatment Centers of America, a surgery center located at 2902 Mid-Cities Drive, Bentonville, AR. The off-market transaction was completed in just over 40 days.

 

The transaction was brokered by First Vice President and Senior Director Michael Moreno, Vice President and Senior Director Rahul Chhajed, and Associate Daniel Solomon.

 

The recently constructed Pain Treatment Centers of America building provided a perfect upleg for the buyer that acquired this site. Their downleg, a medical office building located in California, was also sold by Matthews™ Healthcare Division.

 

“This transaction emphasizes the importance of building strong relationships and connections in the industry. We were able to source this deal off-market from the developer,” said Moreno.

 

The ideal buyer for this type of asset is a highly motivated, low-leverage exchange buyer. The buyer checked all of those boxes.

 

“The process of a 1031 Exchange can be tricky, but we did not let this disrupt our momentum. We focused on time management and provided ample time for the buyer to complete their due diligence and close on the listing,” said Chhajed.

 

“The key to success in this transaction was working diligently for our client and utilizing our healthcare expertise to close quickly with a qualified buyer,” said Solomon.

 

For more information, or to contact Michael Moreno, Rahul Chhajed, or Daniel Solomon, please visit www.matthews.com.

 

 

 

 

 

 

About Matthews™

Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Founded in El Segundo, CA, and strategically positioned with over 400 agents and support staff in over 14 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.