News Release: Just Closed: Atrium Medical Center MOB

CBRE U.S. Healthcare Capital Markets is pleased to announce the closing of the Atrium Medical Center MOB (the “Property”), located in Middletown, OH. CBRE’s Healthcare Capital Markets team partnered with Steven Timmel in the local market, to act as the seller’s exclusive advisors.The Property is a five-story 103,175 square foot, medical outpatient building attached to and directly integrated with the 328-bed Atrium Medical Center (Premier Health: Fitch ‘A-’). The Property is 85% occupied, primarily anchored by Premier Health, who recently extended through 2033 on their 72,574 (70% of NRA) square feet. The Kidney & Hypertension Center, Hilltop OBGYN, and Solaris Health provide complimentary services to a tenancy roster. The Property will continue to benefit from strong forecasted local population growth and new developments that include the 319-unit apartment community planned immediately adjacent.

Premier Health is the largest comprehensive health system is Southwest Ohio, offering five inpatient hospital campuses, an urgent care network, FSEDs, and a large primary care network. Atrium Medical Center is the dominant acute care hospital in Middletown with 84% inpatient market share and annual total patient revenue in excess of $1 billion.

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