MOB SALES GOT OFF TO A GOOD START IN 2012
By John Mugford
The $51.32 million sale of the 203,000 square foot St. John Providence Medical Office Building (MOB) at 26850 Providence Pkwy. in Novi, Mich., was one of the largest MOB transactions closed during the first quarter of 2012.
Photo courtesy of LoopNet
Even with all of the uncertainty that had been looming over the U.S. Supreme Court’s decision upholding the constitutionality of the healthcare reform law, one thing remained certain during the first quarter (Q1) of 2012: Buyers were interested in healthcare real estate.
In fact, Q1 saw what can only be described as a robust sales volume for medical office buildings (MOBs) nationwide, with investors shelling out $1.026 billion, according to statistics accumulated by New York-based Real Capital Analytics (RCA) Inc., which tracks and compiles real estate data.
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