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News Release: Just Sold – Mercy Healthcare Center

CBRE Healthcare & Life Sciences Capital Markets

Just Sold

Mercy Healthcare Center

Coon Rapids, MN

TRANSACTION HIGHLIGHTS

DATE SOLD: 11/12/2020

SIZE: 91,767 SF

OCCUPANCY: 70.4%

CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the sale of Mercy Healthcare Center (the “Property”). Chris Bodnar, Lee Asher, Ryan Lindsley, Jordan Selbiger, Sabrina Solomiany and Zack Holderman partnered with Ryan Watts and Sonja Dusil in the Minneapolis market to act as the seller’s exclusive advisors.

The ±91,767-square-foot facility is on the campus of Allina Health’s 271-bed Mercy Hospital and is located in Coon Rapids, Minnesota, approximately 17 miles north of Minneapolis. The Property is connected to the hospital via an underground tunnel corridor for easy access in the winter. Originally constructed in 1977, the building underwent extensive renovations in 2012-2014 with Class A finishes and new mechanical systems. The previous owner invested more than $6 million to upgrade common areas, the HVAC system, lighting and the elevators.

For more information, or if we can help with your healthcare real estate holdings, please contact us.

CHRIS BODNAR
Vice Chairman
Investment Properties
+1 303 628 1711

LEE ASHER
Vice Chairman
Investment Properties
+1 404 504 5965

RYAN LINDSLEY
Senior Director
Investment Properties
+1 303 628 1745

JORDAN SELBIGER
Director
Investment Properties
+1 404 923 1259

SABRINA SOLOMIANY
First Vice President
Debt & Structured Finance
+1 404 536 5054

ZACK HOLDERMAN
Senior Vice President
Debt & Structured Finance
+1 858 546 4670

RYAN WATTS
Executive Vice President
CBRE Minneapolis Institutional Capital Markets
+1 952 924 4657

SONJA DUSIL
Senior Vice President
CBRE Minneapolis Institutional Capital Markets
+1 952 924 4689

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