GHMA, LLC, an investment group headed by Dr. John Aversa, has purchased a 6,285 s/f medical building at 111 Wakelee Ave. The seller was 111 Wakelee Avenue Associates, LLC, an investment group made up of members of Valley Orthopaedic Specialists.
The sale price was $410,000. Alan Fischer, CCIM, SIOR, of Fischer Real Estate represented the seller. Stephen Press, SIOR, of Press/Cuozzo Realtors represented the buyer.
Located close to Griffin Hospital, this 3-story medical building on .32-acres with 27-car parking had been 100% occupied by Valley Orthopaedic Specialists. The buyer's plans call for extensive renovations and to convert the single-occupant space into three rentable units to be re-occupied by medical practices.