Birmingham Healthcare Property Sells in 48-Day Escrow

 

Birmingham, AL— Matthews™, a commercial real estate investment services and technology firm, announced the successful closing of  a freestanding emergency department tenanted by Baptist Health – recently acquired by Orlando Health – and located at 7131 Cahaba Valley Road, Birmingham, AL.  Matthews™ Senior Vice President & Senior Directors Rahul Chhajed and Michael Moreno and Vice President Ryan Burke facilitated the transaction.

 

Orlando Health is a leading healthcare network spanning 22 hospitals and 200 outpatient locations in Alabama and Florida.

 

Constructed in 2016, the property spans 23,084 square feet and is fully occupied by  Baptist Health under a triple-net lease with seven years remaining. It offers 127 parking spaces and holds a Certificate of Need as one of Alabama’s first freestanding emergency departments (FEDs).

 

The seller, Capital Growth Medvest, an established client, chose to sell after receiving a competitive offer. The transaction closed in a swift 48-day escrow after Matthews™ secured an all-cash buyer who ultimately selected this property for their 1031 exchange.

 

The buyer, a private investor, was drawn to the property for its high construction quality, favorable lease structure, and the quality of the guarantee. The asset’s stabilized position and long-term potential aligned with the buyer’s investment goals.

 

“Our extensive network of 1031 buyers and brokers helped us identify a buyer who met ownership’s pricing expectations,” Chhajed said. “Along with our expertise in healthcare real estate, we were able to thoroughly guide the buyer through the unique details of this transaction.”

 

For more information or to contact a Matthews™ specialized agent, please visit
www.matthews.com.

 

About Matthews™

Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 20+ offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.