For Immediate Release
$3.1M Sale of Fully Leased MOB in Shenandoah Valley
CHICAGO, February 2, 2021 – Cushman & Wakefield announced today that the firm’s Healthcare Capital Markets team has completed the $3.1 million sale of Lexington Medical Building West in Lexington, Virginia.
Cushman & Wakefield Managing Directors Gino Lollio and Scott Niedergang and Associate Kyle Seychel represented owner Lexington Medical Building West LLC in the sale.
The 15,820-square-foot medical office is located at 108 Houston St. in Lexington and is fully leased by Carilion Stonewall Jackson Hospital, a subsidiary of Carilion Clinic.
“Lexington Medical Building West is located in a vibrant, scenic community in proximity to – and affiliated with – the region’s leading healthcare system, Carilion Clinic,” said Lolio. “The quality of the location and tenant, which has been at this building for more than 15 years, made this a highly attractive investment opportunity.”
In 2020, the Chicago-based Healthcare Capital Markets team closed 43 transactions on 1.5 million square feet valued at more than $224 million.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 53,000 employees in 400 offices and 60 countries. In 2019, the firm had revenue of $8.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
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