Hot Property: 17 buildings, 1.4 million square feet
PHT portfolio spans nine states, offers scale and ‘institutional’ quality buildings With 17 buildings and 1.4 million square feet of space, the PHT Medical Office Portfolio recently put on the market offers a wouldbe investor a chance to add plenty of scale in one acquisition – something most large investors prefer.
Hot Property: Seven-asset MOB portfolio offered
CBRE is marketing assets totaling nearly 400,000 square feet across three states Murray W. Wolf Name: Tri-State MOB Portfolio No. of buildings: 7 States: Texas, Florida and Colorado Total Size: 395,115 square feet Percent leased: 71.7 Pro forma NOI: about $5.49 million In place NOI: about $5.26 million Brokerage: CBRE
HOT PROPERTY: MOBs offered in suburban Philly
Four-building, 74,212 square foot complex is near hospitals in East Norriton, Pa. – John B. Mugford Name: Norriton Medical Center No. of buildings: 4 Address: 160-190 W. Germantown Pike City: East Norriton, Pa. Square feet: 74,212 Land area: 7.31 acres Year completed: 1991 Occupancy: 91.5 percent Parking: 310 spaces Seller: Franklin Realty Development Brokerage: HFF […]
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 […]
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 […]
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 […]
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 […]
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 […]
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
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 […]
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, […]
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 […]
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
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
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 […]