News Release: Just Closed – Sky River Medical Building

Sky_River_Medical_Just_SoldThe U.S. CBRE Healthcare Capital Markets Group acted as the exclusive advisor for the sale of the Sky River Medical Center in Monroe, Washington.

Sale Date: November 12, 2015
Sale Price: $18,500,000
Price PSF: $379
Building Size: 48,804 SF
Year Built: 2005
Percentage Leased: 100%

The CBRE U.S. Healthcare Capital Markets Group is pleased to announce the sale of the Sky River Medical Center for $18,500,000, or $379 per square foot. Chris Bodnar and Lee Asher of the U.S. Healthcare Capital Markets Group teamed with Paul Carr, Steven Perovich and Marcus Yamamoto in Seattle for the disposition assignment. The Sky River Medical Center is a 48,804 rentable square foot medical office building in Monroe, Washington. The Class ‘A’ medical facility is located on the campus of EvergreenHealth Monroe Medical Center and was completed in 2005.

In 2015, EvergreenHealth Monroe, formerly known as Valley General Hospital, formed an alliance with Kirkland-based EvergreenHealth, named six times a Distinguished Hospital for Clinical Excellence by Healthgrades®, placing it among the top 5 percent of hospitals in the nation. The alliance brings greater access to high-quality health care to the Snohomish County community by expanding services in Monroe and connecting patients to the range of specialty services offered across the EvergreenHealth network. EvergreenHealth, a public hospital district and community-based health care organization established in 1972, offers a breadth of services and programs that is among the most comprehensive in the region. More than 950 physicians provide clinical excellence within more than 80 specialties, including cardiac, oncology, surgical care, orthopedics, a neuroscience institute, women’s and children’s services, hospice care, pulmonary care, a sleep disorders center and home care services.

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