News Release: Just Closed. Mount Carmel East Medical Building 4

Capital Markets | Healthcare & Life Sciences

Just Closed

On-Campus Medical Office Building Anchored by Mount Carmel Health System

CBRE

Transaction Highlights

Date Closed: 4/22/24

Size: 76,276 SF

Occupancy: 86%

Mount Carmel East Medical Building 4 | 5969 East Broad St., Columbus, OH

CBRE U.S. Healthcare Capital Markets is pleased to announce the closing of Mount Carmel East Medical Building 4 (the “Property”), located in Columbus, Ohio. CBRE’s Healthcare Capital Markets team partnered with the Molly Leach, John Hall and David Hartsook in the Columbus office as seller’s exclusive advisors.

The Property is strategically located on the campus of Mount Carmel East, a 400-bed, full-service, acute care hospital with a Level II Trauma Center.

The 76,276 rentable-square-foot, four-story medical office building (MOB) was constructed in 1988 and renovated in 2018-2019. The building is currently 86% leased with Mount Carmel Health System (MCHS) anchoring the tenancy with approximately 38% of the rentable area. MCHS provides an array of outpatient services at the facility including imaging, cancer services, occupational health, surgical clinic, and pain management. MCHS is a wholly owned and operated subsidiary of Trinity Health (Moody’s: ‘Aa3’), one of the largest multi-institutional Catholic health care delivery systems in the nation, serving diverse communities that include more than 30 million people across 25 states. Other prominent 3rd party tenants create a diverse roster of specialties that include cardiology, podiatry, primary care, dentistry, and others.

The Property has excellent visibility on the Mount Carmel East campus and is located adjacent to the high traffic interchange at Interstate 270 (I-270) and East Broad Street. I-270, also known as the “Outerbelt” or “Jack Nicklaus Freeway,” is the beltway loop freeway surrounding Columbus and provides direct access to the entire metropolitan area. More than 200,000 cars pass the interchange on any given day.

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

For more information, please contact:

Chris Bodnar
Vice Chairman and Managing Director
Investment Properties
+1 720 635 2653

Brannan Knott
Executive Vice President
Investment Properties
+1 443 983 6039

Zack Holderman
Senior Vice President
Debt & Structured Finance
+1 858 337 9412

Cole Reethof
Vice President
Investment Properties
+1 404 504 7864

Trent Jemmett
Senior Director
Investment Properties
+1 858 646 4740

Jesse Greshin
Vice President
Debt & Structured Finance
+1 860 808 4810

Molly Leach
Senior Vice President
Columbus Investment Properties
+1 614 430 5022

John Hall
Senior Vice President
Columbus Investment Properties
+1 614 430 5081

David Hartsook
First Vice President
Columbus Investment Properties
+1 614 430 5006

cbre.com/cm-healthcare