Hot Property

The five-building, 504,721 square foot Offices at Pin Oak Park just outside of Houston has emerged in recent years as a medical office park, thanks in large part to its location seven minutes or so west of the massive Texas Medical Center.
Photo courtesy of JLL

Hot Property: Office park emerging as MOB hotbed

Five-building property complements Houston’s Texas Medical Center Name: Pin Oak Portfolio City: Bellaire, Texas (Houston metro) Number of buildings: 5 Square feet: 504,721 Campus size: 12 acres Occupancy: 93 percent Medical tenancy: 58 percent Brokers: Mindy Berman, Tom Fish, Brian Bacharach and Rudy Hubbard of JLL In Greater Houston, one of the most affluent, conveniently […]

The 54-unit, 64,224 square foot NeuLife Rehabilitation facility in Mount Dora, Fla., includes 20 acres of land that could be subdivided and developed.
Photo courtesy of BGLRP Healthcare Group

Hot Property: Rehab facility offers room for growth

Florida asset is leased by a growing provider and has land for future expansion Name: NeuLife Rehabilitation Address: 2725 Robie Ave. City, State: Mount Dora, Fla. Seller: NeuLife Neurological Services LLC Year opened: 2013 Size: 54 suites, 64,224 square feet Lot size: 43 acres Brokerage: Brown Gibbons Lang & Co. Brokers: Christopher Stai, Clinton Parker […]

Included in the 18-property healthcare portfolio offering is the Grand Parkway MOB in Richmond, Texas, near Houston. Photo courtesy of CBRE

Hot Property: Harrison Street to sell 18 assets

CBRE is marketing ‘mission critical’ portfolio that spans 10 states and 677,150 square feet Name: HSRE Portfolio Total properties: 18 Locations: 10 states Seller: Harrison Street Real Estate Total square feet: 677,150 Avg. lease term: 8.6 years In-place NOI: $15.14 million Brokerage: CBRE Brokers: Chris Bodnar, Lee Asher While Chicago-based Harrison Street Real Estate Capital […]

The Oregon Clinic Gateway MOB in Portland is occupied by the state’s largest physician group and a major health system. The MOB, which is part of a transit-oriented development area, is being offered for sale.
Photo courtesy of CBRE

Hot Property: Oregon MOB is home to large group

Credit-rated health system also occupies facility in Portland’s Gateway area Name: Oregon Clinic Gateway MOB Address: 1111 N.E. 99th Ave. City, State: Portland, Ore. Year built: 2006 Stories: three Square feet: 101,142 Occupancy: 100 percent Avg. remaining lease: 9.7 years Brokerage: CBRE Brokers: Chris Bodnar, Lee Asher With more than 230 doctors practicing in 60 […]

The brand-new, 115,920 square foot Mercy Medical Arts Building is on the campus HCA’s Mercy Hospital Miami in the Coconut Grove area of the city. Photo courtesy of Onicx

Hot Property: Miami MOB is in high barrier market

Mercy Medical Arts Building, completed in late 2016, is a value-add offering Name: Mercy Medical Arts Building Address: 3683 S. Miami Ave. Location: Miami Year built: 2016 Square feet: 115,920 Occupancy: Vacant Stories: 5 Seller: Undisclosed Brokerage: JLL Brokers: Steve Leathers, Mindy Berman, Daniel Turley and Brian Bacharach The campus of the 488-bed Mercy Hospital […]

The 82,024 square foot Fletcher Parkway Medical Center, which is adjacent to Sharp Grossmont Hospital outside of San Diego, was recently put on the market. Photo courtesy of HFF

Hot Property: San Diego MOB hits the market

Located next Sharp Grossmont, facility provides stability and value-add upside Name: Fletcher Parkway Medical Center Location: La Mesa, Calif. Year built: 1985 Square feet: 82,024 Occupancy: 83 percent Land size: 5.97 acres Parking spaces: 457 Seller: The Abbey Co. Brokerage: HFF Brokers: Evan Kovac, Trent Jemmett and Andrew Milne The area near Sharp Grossmont Hospital […]

Hot Property: Los Angeles-area MOB is 90% filled

Hot Property: Los Angeles-area MOB is 90% filled

It’s home of Lynwood, Calif., is seeing growth in patient base, brokers say Name: 3680 E. Imperial Highway Location: Lynwood, Calif. Square feet: 64,780 Occupancy: 90% Average lease term: 4 years Year 1 NOI: $1.08 million Seller: Undisclosed Brokerage: CBRE Investment Properties, Southern California Brokers: Gary Stache, Anthony DeLorenzo, Doug Mack and Nicholas Svendsen One […]

Coit Medical center, Dallas. (Photo courtesy of HFF)

News Release: HFF closes sale of best-in-class medical office facility near Dallas’ Medical City Dallas Hospital

SAN DIEGO, CA – December 8, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of Coit Medical Center, a 32,201-square-foot medical office building in Dallas, Texas. HFF marketed the property on behalf of the seller, Mohr Capital, LLC, and procured the buyer, Anchor Health Properties. Completed in 2009, […]

The Baylor Health Center at Magnolia Greens in Fort Worth, Texas, is among five buildings totaling 187,326 square feet being offered in the IRA Medical Portfolio. Photo courtesy of HFF

Hot Property: Portfolio totals 187,326 square feet

Newly constructed facilities are in Fort Worth, Houston, Austin and Pittsburgh Name: IRA Medical Portfolio Number of buildings: 5 Locations: Texas, Pennsylvania Total square footage: 187,326 Occupancy: 100% Avg. remaining lease term: 8.4 years Seller: IRA Capital Brokerage: HFF Group: National Medical Office Advisors Brokers: Philip Mahler, Evan Kovac Even though demand continues to run […]

The six-story, 85,314 square foot MOB at 301 N. Prairie Ave. in Inglewood, Calif., is just a few blocks from a future $7.5 billion redevelopment project that will include housing, commercial space, a hotel, parks and a new professional football stadium. (Photo courtesy of CBRE)

Hot Property: MOB to be neighbor of the L.A. Rams

Offering in Inglewood, Calif., is just a few blocks from $7.5B multi-use project Name: Freeman Medical Arts Center Address: 301 N. Prairie Ave. City: Inglewood, Calif. Total leasable square feet: 85,314 Number of floors: 6 Number of tenants: 22 Occupancy: 40% Year built: 1979 Brokerage: CBRE Brokers: Bill Maher, Greg Stumm Sure, the six-story, 85,314 […]

Hot Property: Fully leased to county-owned tenant

Hot Property: Fully leased to county-owned tenant

MOB in Half Moon Bay, Calif., provides valuable medical services to residents Name: Coastside Clinic Address: 225 Cabrillo Highway South City: Half Moon Bay, Calif. Total leasable square feet: 15,335 Number of floors: 1 Tenant: San Mateo County Health System Occupancy: 100% Year built: 1980 Year renovated: 2011 Seller: NetREIT Inc. Brokerage: Marcus & Millichap […]

Hot Property: Dignity anchored MOB offered

Hot Property: Dignity anchored MOB offered

Durango Medical Plaza offers strong demographics in affluent Las Vegas area Name: Durango Medical Plaza Address: 8530 West Sunset Road City: Spring Valley, Nev. Total leasable square feet: 73,178 Number of floors: 3 Anchor tenant: Durango Surgery Center Occupancy: 75% Year built: 2008 Brokerage: JLL Las Vegas Brokers: Dean Kaufman, Randy Fleisher The demographics supporting […]

Coit Medical Center, about 10 miles north of downtown Dallas, houses five tenants, including a surgery center operated by USPI and Baylor Scott & White. Photo courtesy of HFF

Hot Property: Fully occupied, with Baylor name

Tenants at Coit Medical Center in Dallas have invested heavily in their spaces Name: Coit Medical Center Address: 12230 Coit Road City: Dallas Total leasable square feet: 32,201 Number of floors: 2 Number of tenants: 5 Occupancy: 100% Year built: 2009 Average lease term: 7.3 years Lot size: 1.36 acres Brokerage: HFF Brokers: Evan Kovac, […]

The two-story, 62,297 square foot FMH Crestwood medical office building in Frederick, Md., is 100 percent occupied by the area’s dominant hospital, Frederick Memorial. The property is being marketed by JLL’s Healthcare Capital Markets team. Photo courtesy of JLL

Hot Property: MOB houses this market’s leader

Facility is fully occupied by Maryland county’s only hospital, Frederick Memorial Name: FMH Crestwood Address: 7211 Bank Court City: Frederick, Md. Total leasable square feet: 62,297 Number of floors: 2 Number of tenants: 1 Occupancy: 100% Year built: 2010 Lease terms: 10, 14 years Lot size: 5.16 acres Parking ratio: 5/1,000 square feet Seller: Original […]

Hot Property: Portfolio for sale in TMC ‘profit zone’

Hot Property: Portfolio for sale in TMC ‘profit zone’

Planned Baylor St. Luke’s Medical Center relocation creates new opportunities Name: Texas Medical Center portfolio City: Houston Number of buildings: 2 Total leasable square feet: 673,395 Occupancy (total): 89.9% Numbers of floors: 27 and 15 Years built: 1991 and 2003 Lot size: 6 acres In-place NOI: about $6.6 million Broker: CBRE Brokers: Chris Bodnar, Lee […]