January 28, 2008

PROPERTY TRANSFERS: Aurora medical clinic sold for $892,677

The Aurora Health Center in Waterford was sold this month $892,677.

The clinic was expanded in 2006. It was actually owned by a company named Triple Net Properties, which is a subsidiary of the Grubb & Ellis Company based in Texas. Under a deal with Aurora, Triple Net purchased six medical offices from Aurora and leased them back to the health care company. The Waterford office, assessed at $3.12 million last year, was part of the deal. It's not clear why it was sold this month.

Also this month, the former home of Educator's Credit Union at 8800 Washington Ave. in Mount Pleasant sold this month for $1.25 million The property was assessed last year at $1.59 million.

A four-bedroom Union Grove home at 425 Wellington Drive sold for $560,000. The five-year-old home is 3,500 square feet and includes 3.5 bathrooms. Taxes on the home last year were $8,800. The home was listed by Heather Parker at ReMax for $579,900.

Here are this week's listings:

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