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County commissioners agreed Sept. 3 to accept a $750,000 offer for the former Brunswick Community Hospital property.
But the potential agreement is just the first step in the process of selling the hospital, which has fallen through in the past.
County Manager Ann Hardy said Excel Medical Development Group made the offer on the 32.308-acre site, which includes the 75,000-square-foot hospital facility.
Hardy added the purchase would not include doctor’s offices close to the road.
The company has to make an initial deposit of $37,500.
North Carolina statute requires the county to advertise the property under an upset bid — a competing buyer can make a better offer.
“We’ll see if an upset bid beats the offer,” Hardy said.
If the county receives an upset bid from another potential buyer, that offer would start the upset bid process all over again.
If a competing offer isn’t made, Excel Medical must pay the remaining $712,500 within 90 days.
Hardy said the medical development group would use the 90-day period to try to find a partner to refurbish the hospital building into a convalescent center to be used by a single business or multiple tenants.
“The company is a rehabilitator of buildings, not just convalescent homes,” Hardy said.
The hospital property was deeded to Brunswick County in September 2011.
After the hospital reverted back to the county, the first bidder for the property was Crown Management LLC with a $500,000 offer. The county didn’t accept the bid hoping, to sell the facility and the land for at least $1.5 million.
Crown Management, which planned to convert the former hospital into an acute-care psychiatric treatment center and residential facility, submitted another bid for $1.5 million.
The company withdrew its $1.5 million bid in April, but in June, Crown Management resubmitted its bid and had plans to move forward with the treatment center.
In July, commissioners accepted an upset bid of $1,575,050 from Jacobs Real Estate Advisors LLC and Katierich Asset Management LLC.
The county could not come to terms with the real estate companies, who withdrew their bid and requested the return of a $75,000 deposit.
The county refused to return the deposit and filed a lawsuit last November in superior civil court to determine if the deposit is the county’s to keep.
County officials received a $1.75 million offer from East Coast Lands One LLC for the old county hospital in October 2012 but a deal could not be closed.
Brian Slattery is a staff writer for the Beacon. Reach him at 754-6890 or email@example.com.