Call for Offers: Please Submit Initial Bids by Wednesday, June 15, 2016 (5:00 PM EST)
Please address at minimum the following items in LOI:
- Purchase Price
- Deposit
- Diligence & Closing Schedule
- Source of Funds
- Description of Prospective Purchaser
Please submit offers via e-mail to Jonathan T. Smith (jonathan.t.smith@cbre-triad.com).
The Offering
CBRE Capital Markets is pleased to offer, on behalf of ownership, the opportunity for investors to acquire 160 Kimel Forest Drive, a 100% leased medical office asset located in one of Winston-Salem’s most established Class A Medical Office Parks. 160 Kimel Forest is a 22,719 SF medical office building leased to physician groups with long tenures in the building.
The property is located in Kimel Park, a Class A, master planned medical office development servicing the Winston-Salem medical community, anchored by major hospital systems Novant Health and Wake Forest Baptist Health. Kimel Park and surrounding medical office parks are fully developed and achieve consistently high occupancy rates, ensuring stability and rental rate protection for core medical office properties in the submarket.
Investment Highlights
- Located In An Established, Fully Developed Medical Office Park
- Proximity To Medical Services
- Novant Health
- Wake Forest Baptist Health
- Wake Forest Innovation Quarter
- Below Replacement Cost Asset In Class A Medical Market
Medical Hub
Forsyth County is home to two of the region’s largest hospitals: Wake Forest University Baptist Medical Center and Novant Health Forsyth Medical Center, which also rank as the county’s two largest employers with well over 20,000 employees. Wake Forest University Baptist Medical Center specializes in many advanced medical care sectors and Novant Health Forsyth Medical Center is the region’s largest hospital providing comprehensive care.
Contact Information
Jonathan T. Smith, CCIM
Senior Vice President
CBRE|Triad | Capital Markets
+1 336 478 4404
jonathan.t.smith@cbre-triad.com
Neil Cornatzer
Senior Vice President
CBRE|Triad | Brokerage
+1 336 714 0391
neil.cornatzer@cbre-triad.com
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