Capital Markets | Healthcare & Life Sciences
Just Closed
Purpose Built Medical Outpatient Facility Serving as Medical Hub for University Hospitals
CBRE
Transaction Highlights
Date Closed: February 5, 2024
Size: 85,977 SF
Occupancy: 100%
University Hospitals Wellness Campus | 8655 Market St., Mentor, OH
CBRE U.S. Healthcare Capital Markets is pleased to announce the closing of University Hospitals Wellness Campus (the “Property”), located in Mentor, Ohio, a northeastern suburb of the Cleveland MSA. Chris Bodnar, Zack Holderman, Trent Jemmett, Cole Reethof and Jesse Greshin acted the seller’s exclusive advisors.
The Property is a two-story, Class-A, 85,977-square-foot purpose built medical outpatient facility that serves as a major medical hub for University Hospitals and helped expand medical, fitness and imaging services to the area. Mentor is a growing and affluent suburb of Cleveland that is outpacing the Cleveland MSA in population growth and average household income. Situated on 8.8 acres, the UH Wellness Campus is positioned with high visibility along Lakeland Freeway (Highway 2) providing connectivity to the growing community that they serve.
This single tenant facility is 100% leased to Lake Health, which is part of University Hospitals Health System (Moody’s: A2), a dominant investment grade health system that operates a network of 23 hospitals across northern Ohio. At the Property, University Hospitals operates a fully integrated wellness campus providing services that include sports medicine, physical therapy, primary care, urgent care, integrative medicine, cardiology, pain management, orthopedics, onsite imaging, and a clinical laboratory.
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
Zack Holderman
Senior Vice President
Debt & Structured Finance
+1 858 337 9412
Trent Jemmett
Senior Director
Investment Properties
+1 858 646 4740
Cole Reethof
Vice President
Investment Properties
+1 404 504 7864
Jesse Greshin
Vice President
Debt & Structured Finance
+1 860 808 4810
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