Product Focus: Q3 MOB sales totaled about $564M

AVERAGE SALE PRICE TOPPED $200 PSF FOR THE FIRST TIME IN THREE QUARTERS

By John Mugford

Health Care REIT’s acquisition of three Tampa, Fla.-area buildings from Florida Medical Clinic for a total of $49.3 million was one of lst quarter’s biggest deals.
Photo courtesy of Wallace Associates LLC

In a rather mundane but steady quarter for medical office building (MOB) sales, at least one somewhat important milestone was reached, or re-reached.

While statistics from New York-based Real Capital Analytics (RCA) Inc. show that MOB sales in the third quarter (Q3) totaled about $564 million nationwide – an increase of about 10.2 percent over the previous quarter – the average price per square foot (PSF) once again topped $200 after a two-quarter hiatus.

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