Aurum Property Partners (Aurum) is pleased to announce the acquisition of a medical office property:
60,442 SF Medical Office Building, East Orange, NJ
Aurum represented an undisclosed Real Estate Investment Trust (REIT) in the acquisition of a 60,000 square foot medical office building on the campus of East Orange General Hospital in East Orange, New Jersey.
The property is 100% occupied and master-leased on a long-term basis by the health system, Prospect Medical Holdings, Inc. Aurum sourced the deal, assisted with negotiations and due diligence. The property closed in less than 30 days at a purchase price of $11,860,000.
Aurum Property Partners is a full service commercial real estate company based in West Palm Beach, Florida specializing in acquiring and operating medical office buildings throughout the Southeast United States. Aurum has a strong track record of success with operating over two million square feet in various markets. Aurum is guided by the gold standard, ensuring the highest level of service across every aspect of our platform. Our full-service structure includes asset management, property management, construction services, leasing, brokerage and asset advisory services. We work with institutions and private investors.
For more information, visit the website at www.aurumpropertypartners.com or phone 561.293.3070.
Founding Principal, Business Development
PHONE: 561.293.3070 (o), 561.252.2391 (c)
Alchemy Communications Group
PHONE: 561.935.9953 x.101 (o), 561.222.4958 (c)