5323 Woodrow St., Murray, Utah (Photo courtesy of Utah Orthopaedic Specialists)
Newmark Grubb Knight Frank (NGKF) Global Healthcare Services announced Jan. 18, 2017, that it handled the recent $12.6 million sale of the two-building, 47,468 square foot Mountain Medical Portfolio in the Salt Lake City area. The deal closed Dec. 23, 2016. The specific properties and the buyer and seller were not disclosed.
But Healthcare Real Estate Insights has learned that one of the buildings is a two-story, 35,203 square foot medical office building (MOB) on 2.21 acres at 5323 S. Woodrow St. in the Salt Lake City suburb of Murray, Utah. According to data from the commercial real estate research firm Real Capital Analytics (RCA) Inc., the sale price for that MOB was a little less than $9.9 million, or about $281 per square foot (PSF). The buyer was a joint venture of Chicago-based MB Real Estate and Los Angeles-based Kayne Anderson. The seller was Mountain Medical of Salt Lake City. The capitalization rate was 6.8 percent, according to RCA.
The other MOB isa two-story, 12,265 square foot imaging center on 1.6 acres at 1486 Skyline Parkway in Ogden, Utah. The sale price was a little more than $2.7 million, or about $220 PSF, and the buyer and seller were the same as for the Murray property.
The NGKF team included Todd Perman, Garth Hogan, Dana Hamric and Jonathan Kesler.
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