Transactions: MedProperties Holdings acquires Illinois surgery center for $17.1 million
MOKENA, Ill. – Dallas-based MedProperties Holdings LLC closed Feb. 29 on the acquisition of a Chicago-area ambulatory surgery center (ASC), the Center for Minimally Invasive Surgery (CMIS) in Mokena.
Transactions: Welltower acquires Wisconsin MOB for $18 million from Ministry Health Care
MENASHA, Wis. – Welltower Inc. (NYSE: HCN), the nation’s largest publicly traded healthcare REIT, acquired the three-story, 71,648 square foot 1550 Midway Place MOB in Menasha from Ministry Health Care in January for $18 million, or $251 PSF, according to RCA data.
Transactions: Hammes Partners buys Baltimore MOB from Caves Valley Partners for $23 million
BALTIMORE – Hammes Partners has acquired the three-story, 45,000 square foot Riverside Wharf MOB at 1420 Key Highway in Baltimore from Caves Valley Partners for $23 million, the Baltimore Business Journal reports.
Transactions: CBRE arranges $5.29 million sale/leaseback of 15,090 square foot Raleigh, N.C., MOB
RALEIGH, N.C. – A division of Glen Allen, Va.-based Capital Square Holdings has acquired an MOB in Raleigh for $5.29 million, according to a Jan. 20 news release from CBRE’s Raleigh office.
Transactions: Hammes Partners was MOB buyer
HREI™ learns that investment firm was behind recent acquisitions in Waco, Texas By Connie M. McCaffrey Healthcare Real Estate Insights™ has learned that HP Waco Six Medical LLC, the buyer of a two-building medical office portfolio that changed hands in October 2015, is an affiliate of Hammes Partners, a national healthcare real estate private equity […]
Transactions: Marcus & Millichap brokers MBRE’s acquisition of 48,225 s.f. cardio institute near Chicago
ROCKFORD, Ill. – Marcus & Millichap has brokered the sale of a 48,225 square foot MOB in Rockford to a joint venture fund managed by MBRE Healthcare, according to Heartland Real Estate Business magazine.
Transactions: Orthodontic practice acquires 10,040 square foot MOB in San Diego suburbs for $3.8 million
ENCINITAS, Calif. – Powder Days LLC, a partnership affiliated with an orthodontic practice, has acquired a two-story, 10,040 square foot MOB in the San Diego sub-market of Encinitas for $3.8 million, the San Diego Business Journal reports.
Transactions: Buyer acquires distressed three-story, 105,717 square foot MOB north of Detroit for $6.6 million
CLARKSTON, Mich. – The three-story, 105,717 square foot Mid-Oakland Medical Center at 6770 Dixie Highway in Clarkston, about 40 miles north of Detroit, has been sold.
Transactions: MOB sales stay strong in Q4
But as 2015 came to an end, volume showed signs of slowing, if ever so slightly By John B. Mugford On the surface, medical office building (MOB) sales remained strong throughout the record-setting year of 2015. But by the end of the year, the total sales volume in the fourth quarter (Q4) showed some signs […]
Transactions: Boulder Group brokers MOB sales
Transactions included properties in Chicago, Milwaukee and Vincennes, Ind. By Connie M. McCaffrey The Boulder Group, a Northbrook, Ill.-based boutique investment real estate service firm specializing in single-tenant net-lease properties, recent brokered the separate sales of three medical facilities in Milwaukee, Chicago and Vincennes, Ind.
Hot Property: Cap rate tops 8% for Kent, Wash., asset
Benson Business Park boasts a stable roster of medical and professional tenants Name: Benson Business Park Address: 25012-25022 104th Ave. City: Kent, Wash. Total leasable square feet: 24,411 Number of buildings: 3 Number of floors: 1 Land Area: 1.54 Acres Occupancy: 89% Year built: 1985-87 Parking ratio: 3.28/1,000 square feet Brokerage: CBRE Brokers: Craig Wilson, […]
Transactions: SIG brokers institutional investment firm’s $4.41 million acquisition of two Pennsylvania
SANTA MONICA, Calif. – Sands Investment Group (SIG) announced the net-lease sale of two Pennsylvania MOBs.
Transactions: Private equity firm acquires Kindred MOB for $25.16 million
Healthcare Real Estate Insights™ has learned that Syndicated Equities, a private real estate investment firm with offices in Chicago and Washington, recently closed on the $25.16 million acquisition of the Kindred Healthcare Transitional Care Center (TCC), a three-story, 81,371 square foot, single-tenant medical office building (MOB) in Phoenix. The sale price works out to $309 per […]
News Release: Just Sold : One Wisteria Place
The U.S. CBRE Healthcare Capital Markets Group acted as the exclusive advisor for the sale of One Wisteria Place in Snellville, Georgia. Sale Date: February 5, 2016 Building Size: 43,558 SF Year Built: 2005 Occupancy: 90.8% The CBRE U.S. Healthcare Capital Markets Group is pleased to announce the sale of One Wisteria Place. Lee Asher […]
Thought Leaders: H2C Fourth Quarter Medical Office Building Report
THE LATEST H2C MEDICAL OFFICE BUILDING QUARTERLY UPDATE IS NOW AVAILABLE Hammond Hanlon Camp LLC Fourth Quarter Medical Office Building Report: Medical Office 2015 Year in Review NEW YORK — February 23, 2016 — 2015 medical office transaction volume was the highest recorded in U.S. history. Approximately $10.0 billion in transactions were recorded during the year, a 14 […]