BEDFORD – The Bedford Development Center which was formerly the Oakland City College building is back up for sale after negotiations fell through with the city.
In September 2020, the Board of Works only received one bid from Wellness Real Estate Center for $356,500 for all the lots and the building. Laura Anderson of Millican Realty was representing the group wishing to purchase the property.
Wellness Real Estate Partners is a real estate investment company focused solely on acquiring real estate leased to behavioral health companies either through sale-leaseback transactions of owned real estate or acquisitions of de novo locations, according to the company’s website.
In their meeting Monday afternoon, the Board of Works approved accepting bids again on the properties. However, this time the city changed the minimum bid to $300,000 for the building and three lots.
Whoever purchases the building will then be offered an opportunity to purchase four additional lots for a minimum bid of $7,500 for each lot.
