The two-story Riverbend Medical Center, 15 Riverbend Drive, has been sold for more than twice the value listed on Floyd County property tax records. Flagship Riverbend Rome LLC, a North-Carolina based firm, paid $13,850,000 for the building and just over 4 acres of property.
The building and property are listed on Floyd County tax records with a value of $6,305,090.
The 41,000-square-foot facility was built in 2008 by Ledbetter Properties of Rome. Aside from Northwest Georgia Medical Clinic, other tenants include Atlanta Allergy & Asthma, Children’s Dental Center and Quest Diagnostics.
“A lease-back arrangement was a win-win for everybody,” said Dr. James Vick III of Northwest Georgia Medical Clinic, the primary tenant and partner in the Etowah Developers LLC group that sold the property.