Calista Medical Center (Bought for $2,300,000)


Rose City Commercial Real Estate represented a Native American Tribe from Alaska with oil money in the acquisition of this asset. The price of this 29,646 sf investment was only $78/sf. A thorough examination of the Preliminary Title Report showed that this Medical Office Building was connected via a sky-bridge to a hospital, but there was no easement. At one point in the discussions to correct the defect, there were 5 sets of lawyers with different clients negotiating on the final solution.

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