Sold: Riverside Cancer Center
HREA | Healthcare Real Estate Advisors is pleased to announce the real estate sale of a medical office building located in Chesapeake, VA.
The property was extensively remodeled in 2018 and is located adjacent to the 310-bed Chesapeake Regional Medical Center, offering freeway visibility and convenient access for its large patient base. The City of Chesapeake is in the Virginia Beach-Norfolk-Newport News MSA, the 37th largest metro area in the country with over 1.8 million residents.
The specialty building is 100% leased and occupied by Riverside Cancer Center, a full-service cancer treatment center dedicated to providing compassionate and specialized cancer treatment, including precision cancer medicines, surgery, chemotherapy, radiation therapy, stem cell transplants, and hormonal therapy. Operated by Riverside Cancer Specialists of Tidewater and Infusion Center, it is a wholly owned subsidiary of Riverside Health and a division of Riverside Regional Medical Center.
Riverside Health’s network includes four (4) acute-care hospitals, three specialty hospitals - Riverside Behavioral Health Center, Riverside Rehabilitation Hospital in partnership with Select Medical, and Select Specialty Hospital – Hampton Roads. With a coverage area of 8,000 square miles in Coastal Virginia, Riverside Health has more than 9,500 team members, 700 clinical providers and 110 offices.
With its campus-adjacent location, Riverside Cancer Center benefits from its relationship with Chesapeake Regional Healthcare, which provides oncology rehabilitation, a specialized clinical practice that helps cancer patients repair and strengthen their bodies during and after cancer treatment.
Representative Transactions
Seasoned Team
