ABBOTT NORTHWESTERN-WESTHEALTH
Minneapolis-St. Paul MSA
CBRE
TROPHY 3-BUILDING OUTPATIENT CAMPUS ANCHORED BY Alina Health (Moody’s: Al)
The Offering
CBRE U.S. Healthcare Capital Markets is pleased to exclusively offer the opportunity to acquire the leasehold interest in Abbott Northwestern-WestHealth (the “Property”). The Property is a 3-building, trophy outpatient campus comprised of 200,960 square feet. The three interconnected medical outpatient buildings serve as the flagship outpatient campus for Allina Health’s 686-bed Abbott Northwestern Hospital, which is located approximately 14 miles southeast in Minneapolis. Purpose-built by Allina Health and acquired by current ownership in 2013 via a long-term ground lease, the Property has been expanded to match the growing demand for outpatient services in a community-based setting.
The Property is 96% leased with a weighted average remaining lease term of 7.6 years and includes a roster of high caliber tenants including Allina Health, which has expanded numerous times and currently leases 73% of the Property. The Property features a multi-specialty ambulatory surgery center with six operating rooms, three procedure rooms and a full-service emergency department with eight beds.
Abbott Northwestern-WestHealth provides an ideal opportunity for an investor to acquire a critical mass of recession-resistant medical outpatient real estate with more than nine years of term remaining from an investment grade health system, Allina Health.
CBRE U.S. Healthcare Capital Markets
INVESTMENT PROPERTIES
Chris Bodnar
+1 720 635 2653
chris.bodnar@cbre.com
Brannan Knott
+1 443 983 6039
brannan.knott@cbre.com
Cole Reethof
+1 404 504 7864
cole.reethof@cbre.com
Trent Jemmett
+1 858 646 4740
trent.jemmett@cbre.com
DEBT & STRUCTURED FINANCE
Zack Holderman
+1 858 337 9412
zack.holderman@cbre.com
Jesse Greshin
+1 860 808 4810
jesse.greshin@cbre.com
Local Market Experts
CBRE MINNEAPOLIS
Ryan Watts
+1 952 924 4657
ryan.watts@cbre.com
FORTE REAL ESTATE PARTNERS
Steve Brown, CCIM
+1 952 525 3335
steve.brown@forterep.com
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