Holliday Fenoglio Fowler, L.P. (“HFF”) a Virginia licensed real estate broker has been retained by ownership (referred to as “Owner”) in the disposition of Winchester MOB (the “Property”) that is currently comprised of approximately 149,695 square feet and located in Winchester, VA, offered free and clear of debt.
The Property is presented as a value-add opportunity with significant potential for lease-up and cash flow growth. Winchester MOB currently includes 149,695 rentable square feet with in-place occupancy of approximately 60%, anchored by Valley Health (Moody’s A1) which occupies about 44% of the GLA. A new lease with Valley Health for a surgery center compliments their robust Rehab practice at this facility.
Highlights
- Investment grade credit anchor tenant , Valley Health (Moody’s A1), occupying 44% of the current GLA
- Significant potential lease-up that will increase the average weighted lease term at the Property to 8.0 years and the occupancy to 92%
- Easy transit access, 1.8 miles from Route 37 and 2.5 miles from Interstate 81
- Demographics exceeding state averages in both population growth and household income
Investment Contacts
Michael Bennett
Managing Director
mbennett@hfflp.com
312.528.3694
Phil Mahler
Managing Director
pmahler@hfflp.com
312.300.7319
Evan Kovac
Managing Director
ekovac@hfflp.com
858.812.2356
Ben Appel
Director
bappel@hfflp.com
484.532.4214
Stephen Conley
Executive Managing Director
sconley@hfflp.com
202.533.2533
VA License: 0225 123295
Mike Janus
Analyst
mjanus@hfflp.com
312.528.3677
Matt DiCesare
Analyst
mdicesare@hfflp.com
312.300.7305
Debt Contact
Timothy Joyce
Managing Director
tjoyce@hfflp.com
312.528.3652
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