Boise, Idaho – December 13, 2024 – Berkadia announced today the sale of three medical outpatient buildings: Eagle Road Medical Office Building I & II located in Meridian, Idaho, a western suburb of Boise and North Curtis Road Medical Office Building located in Boise, Idaho. Senior Managing Director and Head of Medical & Life Sciences Sabrina Solomiany, Managing Directors Chris Lashmet and Eric Lee, and Senior Director Vasili Davos of Berkadia Medical & Life Sciences led the transaction on behalf of the seller.
Eagle Road MOB I & II and North Curtis Road MOB sold to Chicago-based Laramar Medical Properties and the deal closed on December 12.
“Project Bronco is a perfect example of how thoughtfully priced real estate, combined with our competitive and streamlined process, resulted in a great win for both seller and buyer,” said Lee. “The successful outcome is indicative of the significant demand for medical outpatient buildings, especially core-plus products in growing markets.”
Eagle Road MOB I & II are neighboring properties consisting of 57,043 total square feet. The properties are 100% leased with a mix of medical specialties, including a surgery center, and are adjacent to St. Luke’s Meridian Medical Center. The two-story properties were built in 2000 and have excellent visibility along Eagle Road (65K ADT).
North Curtis Road MOB totals 26,035 square feet and is adjacent to the 362-bed, St. Alphonsus Regional Medical Center (a subsidiary of Trinity Health Network, Fitch: ‘AA- ‘). The property is 83% leased to a mix of regional and national tenants including Total Renal Care (DaVita – NYSE: DVA).
About Berkadia®:
Berkadia, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is a leader in the commercial real estate industry, offering a robust suite of services to our multifamily and commercial property clients. Through our integrated mortgage banking, investment sales and servicing platform, Berkadia delivers comprehensive real estate solutions for the entire life cycle of our clients’ assets.
To learn more about Berkadia, please visit www.berkadia.com.
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© 2024 Berkadia Proprietary Holding LLC. Berkadia® is a registered trademark of Berkadia Proprietary Holding LLC.
Commercial mortgage loan banking and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc.
Investment sales / real estate brokerage business is conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
In Idaho Berkadia Real Estate Advisors LLC conducts business under Idaho Real Estate Broker Lic. #DB36794 Jeff Irish is the designated broker for Idaho, his license number is #36794. Sabrina Solomiany holds GA license number #361808, Eric Lee holds IL license #475194860, Chris Lashmet holds IL license #475196617, and Vasili Davos holds TX license #778826.
In California, Berkadia Commercial Mortgage LLC conducts business under CA Finance Lender & Broker Lic. #988-0701, Berkadia Commercial Mortgage Inc.under CA Real Estate Broker Lic. #01874116, and Berkadia Real Estate Advisors Inc. under CA Real Estate Broker Lic. # 01931050.
Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions.
For state licensing details for the above entities, visit: http://www.berkadia.com/licensing.
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Media Contact:
Page Lowry
Berkadia Real Estate Advisors LLC
215.328.1685
Page.Lowry@berkadia.com
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