Sale Date: 12/28/18
Property Size: 54,810 SF
% Leased: 100% Leased
CBRE U.S. Healthcare Capital Markets is pleased to announce the sale of the McHenry Medical Building (the “Property”), located in Modesto, California. Chris Bodnar, Lee Asher, Shane Seitz, Ryan Lindsley and Sabrina Solomiany acted as the seller’s exclusive advisors.
The Property totals ±54,810 rentable square feet and is a three-story multi-tenant medical office building located on the campus of Doctors Medical Center, a full-service, comprehensive healthcare facility owned and operated by Tenet Health Care (NYSE: THC). The property is 100% leased to a variety of physician practices, including 72.3% leased anchor tenancy by First Choice Physician Partners (“FCPP”), a California non-profit medical Foundation subsidiary of Tenet California with over 100 physicians representing 17 specialties serving California’s Central Valley, Central Coast, Orange County and Coachella Valley.
For more information, or if we can help with your healthcare real estate holdings, please contact us.
| 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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