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News Release: Just Sold – Woodside Health Florida Coast MOB Portfolio

JANUARY 4, 2021

CBRE

Healthcare & Life Sciences Capital Markets

Just Sold

Woodside Health Florida Coast MOB Portfolio

Vero Beach & Estero, Florida

Transaction Highlights

Date Sold: 12/29/2020

Total Size: 77,363 Sf

Occupancy: 97%

Woodside Health Florida Coast MOB Portfolio

CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the sale of the Woodside Health Florida Coast MOB Portfolio (the “Portfolio”). Chris Bodnar, Lee Asher, Jordan Selbiger, Ryan Lindsley, Sabrina Solomiany and Zack Holderman acted as exclusive advisors to Ted Barr and Ben Barr of Woodside Health, as the seller.

The Portfolio consists of three medical office buildings that are 97% leased to a diverse and established mix of tenants. Complementary and highly specialized practices housed within the properties create an ecosystem for referrals amongst physicians that supports tenant retention. Specialties within the Portfolio include oncology, radiology, urgent care, orthopedics and neurology, among others.

Oak Point I and II, are located in a medical office subdivision in Vero Beach, Florida, about an hour north of West Palm Beach. The two buildings total ±41,395 square feet and are strategically situated less than half a mile from the Cleveland Clinic Indian River Hospital, a 332-bed short term acute care hospital with emergency services. Estero Medical Center, is located on Florida’s west coast, just south of Fort Myers. The ±35,968-square-foot, two-story property is home to nine medical tenants. It sits a half a mile west of I-75 which allows for exceptional accessibility for patients and providers.

About Woodside Health

Cleveland-based Woodside Health is a medical office building acquisition and management firm and they treat their tenants like customers. They proactively enhance the exterior and interior spaces of their buildings and are devoted to establishing long-term relationships with their tenants. The firm’s principals have decades of experience investing in and managing real estate. For more information, please visit woodsidehealth.com.

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

For more information, please contact:

CHRIS BODNAR
Vice Chairman
Investment Properties
+1 720 635 2653

LEE ASHER
Vice Chairman
Investment Properties
+1 404 504 5965

JORDAN SELBIGER
Director
Investment Properties
+1 404 923 1259

RYAN LINDSLEY
Senior Director
Investment Properties
+1 303 628 1745

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

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

www.cbre.us/cm-healthcare

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