SOLD: A & H, LLC purchases Medical Office Building
for $2 Million
Overland Park, KS (10/2012) – A & H, LLC Purchases 11661 College Blvd for $2 Million. The group of doctors plan to upgrade the office building as medical suites.
A & H, LLC, an entity set up by a doctors group, acquired a 21,000 SF office building in Overland Park, KS for $2 million, or about $95 per foot. The building was built in 1983, and had some renovation in 2008. According to Larry Prato of KW Commercial, the buyer’s plan to use around 25% of the space for their own practice, and the balance will be leased as medical space. The renovations for the upgrade to medical suites is expected to start soon.
“Recognizing the challenges presented by the swiftly evolving heath care industry, the doctors were motivated to more effectively serve their patients with particular attention to continuity of care," said Larry and Dina, who also noted that the purchase also met the desired performance and diversification of the new owner’s investment portfolio.
Larry Prato and Dina Cox of KW Commercial represented the buyer, while Michael Posten, Suzanne Dimmel and Brendan Dunbar of Cassidy Turley represented the seller.