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U.S. Government Purchases Blue Ridge Medical Building

Department of Veteran Affairs Acquires 4251 Northern Ave for $4.75M
By John Luoma
September 21, 2011 | 3:59 P.M.

The Department of Veteran Affairs purchased the medical office building at 4251 Northern Ave in Kansas City, MO, from the MBS Mall Investor-98 LLC for $4,750,000. The sale included the 4.44 acre parcel of vacant land adjacent to the building. The property itself, sitting on 5.5 acres sold for $3,750,000 or $88.09 per square foot. The additional land parcel sold for $1,050,000 or $5.43 per square foot. The 42,000-square-foot building was constructed in 1997 and is in the East Jackson County submarket. The property was vacant at the time of sale. "We are excited about the VA purchasing the building and are glad to have them a part of the Blue Ridge Crossing Development" stated Jon England CCIM of Cassidy Turley who represented the seller, MBS Mall Investor-98, LLC and was the sole agent in this transaction. Please refer to CoStar COMPs # 2177079 for more information on this transaction.

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News | U.S. Government Purchases Blue Ridge Medical Building