Healthcare Realty was the seller of the 309,424 s.f. portfolio in North Carolina
By John B. Mugford
The largest building in the nine-MOB portfolio that AW Property Company recently acquired in North Carolina is the 95 percent occupied, 68,672 square foot Church Street Medical building, which includes a surgery center and is located at 1126 N. Church St. in Greensboro. (Photo courtesy of AW Property Company)
Amid the current slowdown in the medical outpatient building (MOB) sales sector, another significant sale has taken place.
North Palm Beach, Fla.-based AW Property Company, a longtime healthcare real estate (HRE) firm focused on MOBs, in late June acquired a portfolio of nine MOBs in North Carolina, with seven facilities being in what could be considered the Greater Triad area – with six properties being in Greensboro and one in Burlington. Two other facilities are in Durham, about 60 miles east of Greensboro.
The price was $99.5 million for the portfolio with a total of 309,424 square feet of space, or $321 per square foot (PSF), according to information from Arnold, Md.-based Revista, which compiles a wide range of healthcare real estate (HRE) data in its RevistaMed database, does have pricing for six of the MOBs.
Initially, RevistaMed data had listed the sale of six of the MOBs, all of which are in Greensboro and have a total of
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