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1. Midtown Medical Office Building Sells for $2.6 Million
- Friday, January 10, 2014
A partnership of two Utah-based companies has acquired a medical office building on Union Avenue near Overton Square.
Trivalis LLC and Novalis LLC, both based in Utah, acquired the medical office building built in 1967 at 2076 Union Ave., next door to the IHOP restaurant, for $2.6 million. The property, at the corner of Union Avenue and Florence Street, was appraised at $1.3 million in 2013, according to the Shelby County Assessor of Property’s office. The sellers, Missouri-based Roundabout Real Estate LLC and Visual Projects LLC, acquired the property in 2008 for $2 million.