Welltower acquires a 103,652 s.f. MOB in Sacramento, Calif., for $45.6 million
By John B. Mugford
Welltower Inc. (NYSE: WELL) has acquired the 103,652 square foot MOB at 1201 Alhambra Blvd. in the heart of a medical district in Sacramento, Calif. The price for the facility majority-occupied by locally based Sutter Health was $45.6 million. (Photo courtesy of Colliers International)
As the medical outpatient building (MOB) sales market continues to languish in a nearly two-year slowdown, a big sale has taken place in Sacramento.
Perhaps it is a sign that things are turning around – or, should interest rates remain high and lending tight – perhaps not.
In the heart of Sacramento, Calif., however, Toledo, Ohio-based Welltower Inc. (NYSE: WELL), which had not made an MOB purchase since October 2023, in June acquired a 103,652 square foot outpatient facility in what is known as the “Medical Triangle” area of the city and less than 2 miles from the California State Capitol building.
HREI™ previously reported that the U.S. Healthcare Capital Markets team with Colliers International (Nasdaq: CIGI) had brokered the sale of the 1201 Alhambra Blvd. MOB, a 103,652 square foot facility with an ambulatory surgery center (ASC) in Sacramento. At the time, the price, buyer and seller were not disclosed.
New information posted by Arnold, Md.-based Revista, which compiles a wide range of healthcare real estate (HRE) data in its RevistaMed database, indicates that
The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE
