For Sale: New to Market – Medical Office Building for Sale – Los Angeles County
Investment Summary Offering Price $17,500,000 ($270 PSF) Property Size +/-64,780 SF Year 1 Cap Rate 6.20% Year 3 Cap Rate 7.03% Year 3 Cash on Cash 9.24% Investment Highlights Stable Cash Flow Medical Office Investment Adjacent To Hospital The overall medical office vacancy within a three mile radius of the property is 6.10% and average […]
News Release: Two Duke Realty healthcare projects named 2016 HREI Insights Awards™ Finalists
Healthcare Real Estate Insights™ magazine’s annual, national awards program honors medical facilities the firm developed in McKinney, Texas, and Cincinnati MCKINNEY, Texas, CINCINNATI and INDIANAPOLIS, Nov. 30, 2016 – Duke Realty-developed medical facilities have been honored as Finalists in two out of nine categories of Healthcare Real Estate Insights™ magazine’s annual, national awards program. The […]
News Release: McCarthy Building Companies Completes Surgical Center Expansion and New Patient Tower at Erlanger East Hospital in Chattanooga
$50 million expansion transforms hospital into lifestyle campus CHATTANOOGA, Tenn. ( November 30, 2016) – McCarthy Building Companies, one of the nation’s largest health care contractors, and HKS Architects, Inc., have completed the expansion of the surgical center and construction of the new patient tower at Erlanger East Hospital in Chattanooga, Tenn. Completed one month […]
News Release: R.J. Sommerdyke Joins Meridian Healthcare Acquisition Team
IRVINE, CALIF. – Meridian, a full-service real estate developer specializing in acquiring and developing real estate facilities for the healthcare sector, announced today that R.J. Sommerdyke has joined the company’s acquisition team in Southern California. Sommerdyke will play a key role in expanding Meridian’s platform of acquiring value-add healthcare properties throughout Southern California.