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News Release: Just Closed: Edmonds Medical Center

CBRE U.S. Healthcare Capital Markets acted as the exclusive advisor for the sale of the Edmonds Medical Center in Edmonds, Washington.
Sale Date: July 30, 2018
Sale Price: $23,500,000
Price Per SF: $431/SF
Property Size: 54,516 SF
Occupancy: 100%

CBRE U.S. Healthcare Capital Markets is pleased to announce the sale of the Edmonds Medical Center (the “Property”). Chris Bodnar and Lee Asher  partnered with Paul Carr, Steve Perovich and Marcus Yamamoto of the CBRE Puget Sound Healthcare Properties Team to act as the Seller’s exclusive advisors.

The Property is a two-story, 54,516 rentable square foot medical office building. Built in 1991, it underwent an extensive renovation and expansion in 2007 that enlarged the building by nearly 14,000 square feet. At the time of acquisition, the building was 100 percent leased to nine tenants, including Virginia Mason Health System, which leases approximately 60 percent of the building, and Swedish Health Services, a member of Providence St. Joseph Health, the largest not-for-profit healthcare provider in the Greater Seattle area, which leases approximately 12 percent of the building. The 217-bed Swedish Edmonds hospital campus is located approximately one-quarter mile from the Edmonds Medical Center.

For more information, or if we can help with your healthcare real estate holdings, please contact us.

Contacts: U.S. Healthcare Capital Markets

Chris Bodnar
Vice Chairman
Investment Properties
+1 303 628 1711
Lee Asher
Vice Chairman
Investment Properties
+1 404 504 5965
Shane Seitz
Senior Vice President
Debt & Structured Finance
+1 303 583 2033
Ryan Lindsley
Senior Director
Investment Properties
+1 303 628 1745
Sabrina Solomiany
Senior Director
Investment Properties
+1 404 536 5054


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