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 159,307 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 159,307 rentable square feet with in-place occupancy of approximately 86%, anchored by Valley Health (Moody’s A1) which occupies about 40% of the GLA. Several new leases with Valley Health have recently been executed, along with a 20 year lease for 50,000 to a national assisted living operator. This tenant and Valley Health’s commitment to having this as their out-patient rehab facility are extremely synergistic uses.
Investment Highlights
- Investment grade credit anchor tenant , Valley Health (Moody’s A1), occupying 40% of the current GLA
- Weighted average lease term of 11.6 years
- New 50,000 SF tenant on 20 year lease
- 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
The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE
