February 16, 2008

PROPERTY TRANSFERS: Aurora clinic quadruples in value in six days

The Aurora Health Center at 818 Forest Lane in Waterford recently sold for $3 million on Jan. 22. The clinic includes family practice, pediatrics and OB/GYN doctors.

If this sounds familiar, it's because the same clinic sold for $892,677 on Jan. 16. We can't even begin to explain how a medical clinic sells for nearly three times its asking prices in six days. If anyone knows how this is possible, RacinePost would like to get in on that action.

The office was assessed at $3.12 million last year and owned by a subsidiary of the Grubb & Ellis Company based in Texas.

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