Hot Property: Oregon asset offers rare opportunity
MOB next to PeaceHealth hospital in Springfield has “all the bells and whistles” Name: Northwest Specialty Clinics at RiverBend Address: 3355 RiverBend Drive City: Springfield, Ore. Total square footage: 125,000 Occupancy: 100% Seller: LLC of physicians Brokers: Mindy Berman, Daniel Turley, Steven Leathers Brokerage firm: Jones Lang LaSalle SPRINGFIELD, Ore. – Sure, the largest and […]
Hot Property: New HCA-anchored FED being offered
Net-leased Richmond, Va., asset being marketed at less than replacement cost Name: HCA FED & Imaging Center Address: 9275 Chamberlayne Road City: Richmond, Va. Square feet: 22,000 Land size: 3.7 acres Occupancy: 100% Tenant: HCA Health Services of Virginia Lease term: 10 years starting in June Seller: Undisclosed developer Asking price: $8.8 million Total construction […]
Hot Property: Portfolio hits the market in Indiana
Offering has six buildings, 170,000 square feet and a AA-rated system tenant Name: Northwest Indiana MOB Portfolio Cities: Munster, Schererville, Dyer and Hammond, Ind. Number of buildings: 6 Total square feet: 170,000 Occupancy: More than 90 percent Seller: Undisclosed Major tenant: Franciscan Alliance Lead brokers: Erik Foster, Mike Wilson Broker: Avison Young, Chicago office
Hot Property: Retail, medical compose portfolio
Properties are in massive AllianceTexas mixed-use area of Fort Worth Name: Fort Worth Retail/M.O. Portfolio Addresses: 12650 N. Beach St.; 12457, 12465, 12485 Timberland Blvd. City: Fort Worth, Texas Number of buildings: 4 Total square feet: 33,410 Occupancy: 100% Seller: Unnamed Tenants: UNT Health Science Center, 7-11 Combined NOI: $732,737 Brokers: Scott Herbold, Jennifer Pierson, […]
Hot Property: Cancer Institute Hits the Market
Hospital campus facility is in California’s ‘wealthiest’ county, Marin Name: Marin Cancer Institute Address: 1350 South Eliseo Dr. City: Greenbrae, Calif. Number of buildings: 1 Square feet: 45,277 Occupancy: 100% Tenant: Marin General Hospital Lease expiration: 2028 Brokers: Lee Asher, Chris Bodnar, Seth A. McKinnon Brokerage firm: CBRE GRENBRAE, Calif. – In November, residents in […]
Hot Property: Rare, large portfolio hits the market
JLL is marketing Harrison Street offering of five hospitals and seven MOBs Name: 2014 Harrison Street Multi-State Healthcare Portfolio Locations: Texas, Florida, South Carolina, Oklahoma, Nevada and Indiana Number of buildings: 12 Types of facilities: 5 hospitals, 7 MOBs Square footage: 655,661 Average age of buildings: 6 years Occupancy: 99.6 percent Average remaining lease term: […]
Hot Property: Interest high in Boston-area MOB
The Musculoskeletal Center in Peabody, Mass., is 93.8 percent occupied Name: The Musculoskeletal Center Address: 4 Centennial Drive City: Peabody, Mass. Number of buildings: 1 Square footage: 38,188 Date completed: 1976 Date redeveloped: 2003 Occupancy: 93.8% Average PSF rent: $23.66/NNN First year NOI: $879,276 Suggested price: $12.295 million Brokerage firms: MANSARD, Coppola Properties PEABODY, Mass. […]
Hot Property: Say ‘aloha’ to Hawaiian MOB for sale
Facility in Kapolei, west of Honolulu, is 97% leased with Kaiser as major tenant Name: Kapolei Medical Park Address: 599 Farrington Highway City: Kapolei, Hawaii Number of buildings: 2 Square footage: 51,545 Lot size: 3.47 acres Occupancy: 97% Seller: James Campbell Co. Largest tenant: Kaiser Permanente (30%) Buildings completed: 1999 First year NOI: $1.1427 million […]
Hot Property: Location is key for California MOB
Redevelopment of adjacent hospital could add value to 99% leased facility Name: Freeman Medical Towers Address: 323 N. Prairie Ave. City: Inglewood, Calif. Size: 79,428 square feet (rentable) Number of floors: Four Lot size: 1.4 acres Occupancy: 99% Seller: Grabel Financial LLC & Linton Financial LLC Largest tenant: Didi Hirsch Mental Health Services (45%) Buildings […]
Hot Property: Atlanta-area MOBs hit the market
Three-building, 184,705 square foot portfolio is seen as a ‘value-add’ opportunity Name: Atlanta Medical Office Portfolio Number of MOBs: 3 Locations: Marietta and Stockbridge, Ga. Size: 184,705 square feet (total) Occupancy: 75% (average) Seller: Affiliates of Marcus Partners Major tenants: Great Expressions Dental Centers, Northside Hospital, Piedmont Medical Care, Emory Healthcare Brokerage firm: Avison Young
Hot Property: JLL plans to sell 13-building portfolio
Offering totals 657,811 square feet in California, Arizona; Dignity occupies 33% Name: Dignity Medical Office Portfolio Number of MOBs: 13 Locations: California and Arizona Size: 657,811 square feet Occupancy: 79% Seller: JLL Income Properties Trust Inc. Largest tenant: Dignity Health (33%) Brokerage firm: CBRE Group Inc. CALIFORNIA, ARIZONA – Big medical office building (MOB) portfolio […]
Hot Property: A big, rare MOB portfolio hits D.C.
Washington Real Estate Investment Trust’s portfolio has 17 assets, 1.3 million s.f. The Woodburn Medical Park II building in Annandale, Va., is one of 17 offered for sale by Washington Real Estate Investment Trust in the Washington, D.C., area. Photo courtesy of WRIT Name: WRIT Medical Office Portfolio Number […]
Hot Property: Portfolio spans 5 states, 292,974 s.f.
94.5 percent occupied portfolio is being offered by Montecito, Harrison Street Name: MMIC Medical Office Portfolio II Number of Buildings: Seven Locations: California, Arizona, Kansas, Ohio, and Virginia Size: 292,974 square feet Type of Buildings: Medical Offices and One Surgery Center Asking Price: N/A Hospital Tenancy: 60.3 percent, 51.4 percent of which is investment grade […]
Hot Property: An opportunity grows in Brooklyn
Name: One Hanson Place Number of Medical Suites: 9 Location: 1 Hanson Place, Brooklyn, N.Y. Size: 12,396 square feet (nine suites) Asking Price: $7.975 million Price Per Square Foot: $643.35 Cap Rate: 8.01% Occupancy: 100% Avg. remaining lease term: 5 years Building Completed: 1927 Seller: Noyack Medical Partners LLC Tenants: Dentists, oral surgeons, urologist, pediatrics […]
Hot Property: MOB touted as value-add opportunity
Medical property in Daly City, Calif, is available for less than replacement cost Property: Physicians Medical Center Address: 901 Campus Dr. City, State: Daly City, Calif. Size: Three stories, 75,559 square feet Asking price: Not disclosed Year completed: 1989 Seller: Serramonte Ridge Medical Center Enterprises Tenants: Campus Surgery Center, others Broker: CBRE Group Inc. DALY […]