Location:

536 & 544 Iron Ridge Rd , Hanover, PA

Seller:

536 Iron Ridge Road Associates, LP
544 Iron Ridge Road Associates, LP

Buyer:

BLR Hanover PA Realty, LLC

Closed:

March 2021

Done deal:

536 & 544 Iron Ridge Rd

Summary:

The Seller engaged our firm for the sale of a vacant, but recently occupied and Joint Commission accredited, 34-bed inpatient detox and residential substance use disorder treatment facility. The Behavioral Health Properties Group was able to procure the Buyer, a multi-state treatment owner/operator, who was looking to expand their operational footprint to the region.

Property:

The campus-style treatment facility consists of two adjacent properties, each having three buildings, which together offers its operator and clients a spacious ±28,428 SF on ~14 acres in Pennsylvania’s scenic Susquehanna River Valley. The facility features prime amenities including an in-ground pool, fitness center, dance/yoga studio, gourmet kitchen, massage room, recreation room, and music studio. Its strategic location, within a 1-hour drive from Baltimore-Washington International Airport (BWI) and Harrisburg International Airport (MDT), allows for easy fly-in admissions for clients coming from outside the local region.

Lead Advisors

Joshua Slaybaugh

Vice President

(610) 563-5484
[email protected]

Michael Cabot

Managing Director

(561) 900-8977
[email protected]