|CBRE U.S. Healthcare Capital Markets acted as the exclusive advisor for the sale of the Edmonds Medical Center in Edmonds, Washington.|
CBRE U.S. Healthcare Capital Markets is pleased to announce the sale of the Edmonds Medical Center (the “Property”). Chris Bodnar and Lee Asher partnered with Paul Carr, Steve Perovich and Marcus Yamamoto of the CBRE Puget Sound Healthcare Properties Team to act as the Seller’s exclusive advisors.
The Property is a two-story, 54,516 rentable square foot medical office building. Built in 1991, it underwent an extensive renovation and expansion in 2007 that enlarged the building by nearly 14,000 square feet. At the time of acquisition, the building was 100 percent leased to nine tenants, including Virginia Mason Health System, which leases approximately 60 percent of the building, and Swedish Health Services, a member of Providence St. Joseph Health, the largest not-for-profit healthcare provider in the Greater Seattle area, which leases approximately 12 percent of the building. The 217-bed Swedish Edmonds hospital campus is located approximately one-quarter mile from the Edmonds Medical Center.
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Contacts: U.S. Healthcare Capital Markets
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