By Hilda Martin
The sale of the 28-story, 510,000 square foot Memorial Hermann Medical Plaza in Houston — for a reported $404.7 million — was the largest medical office building (MOB) sale during the first half of 2018 and is believed to be the largest single-asset MOB sale ever.
The Mid Year Revista transactions report has been released and is available to subscribers. Some highlights:
- $19.1B in hospitals and MOBs traded in the last 12 months – down somewhat from this time last year
- Average MOB cap rates increased to 6.4 from 6.1, although many trades are still in the 5′s and under
- MOB price per SF is stable sitting at $326
- Private investor buyers made up 79% of all healthcare real estate sales
- The Top 3 Metros for MOB sales volume in the last 12 months are Atlanta, Houston & Chicago
For more information, please visit RevistaMed.com.
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