The CBRE U.S. Healthcare Capital Markets Group acted as the exclusive advisor for the sale of Madison Medical Office Building in Madison, Alabama.
| Sale Date | March 1, 2016 |
| Price | Confidential |
| Building Size | 30,096 SF |
| Year Built | 2011 |
| Occupancy | 100% |
The CBRE U.S. Healthcare Capital Markets Group is pleased to announce the sale of Madison Medical Office Building. Lee Asher and Chris Bodnar of the U.S. Healthcare Capital Markets Group teamed with Morgan Hillenmeyer of the Tennessee/Alabama Healthcare Investment Properties Group to act as the Seller’s exclusive advisors.
Madison Medical Office Building (Madison MOB) is located directly adjacent to Madison Hospital in Madison, Alabama. Built in 2011, the Property consists of 30,096 square feet across three floors and features a ground floor retail bank tenant with a drive-thru.
Madison MOB is 100% leased to prominent healthcare providers and established private practices representing an enviable mix of specialists. Huntsville Health Care Authority (Moody’s ‘A1’), which owns Madison Hospital and is the fifth largest publicly-funded hospital system in the nation with more than 1,800 beds and 12,000 employees, leases 18.6% of the Property. Other notable medical tenants include North Alabama ENT Associates, Clinic for Women and Physicians Hearing Center.
For more information on this sale, or if we can help with your healthcare real estate holdings, please contact us.
Contact Us
Lee Asher
Executive Vice President
Investment Properties
+1 404 504 5695
lee.asher@cbre.com
Chris Bodnar
Executive Vice President
Investment Properties
+1 303 628 1711
chris.bodnar@cbre.com
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