Blueprint Negotiates $8.7M Sale of Vacant Mainstreet Property in Texas

TEXAS — Blueprint Healthcare Real Estate Advisors has brokered the sale of a vacant, 70-unit asset in Texas.

Mainstreet originally developed the healthcare property, but did not fully complete construction prior to being foreclosed upon.

The property was developed to be a turnkey, purpose-built transitional care facility, and featured very similar design features to the other two properties that Mainstreet built in Amarillo and Temple.

A Texas-based investor acquired the property for $8.7 million, or $124,285 per unit, and plans to lease it to an East Coast-based skilled nursing operator.

The seller and specific location of the property were not disclosed.