Cash flowing medical office next to a distressed hospital

[John Menton]

Found a nice garden style medical office building with 10+ tenants, all long term, 140k gross 77NOI, made appt with realtor to view the property this week After doing some googling I realized that the hospital that is one block away is under distress, facing bankruptcy, looking for partners etc... so this must be why the current owner is looking to sell.. Anyone ever invest in anything like this? I may just cancel my appointment because of the uncertainty around the hospital and move on...

[Paul Vincent]

May be worth a look. The hospital may be purchased by a competitor network of hospitals and could turn that office park into a more lucrative opportunity. See about the length of leases and dig to see if any reporters or newspapers have dirt about the failing hospital.