Marcus & Millichap, a California-based commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced on June 14 it brokered a $6.6 million sale of a 16,700-square-foot medical office building (MOB) in La Porte, Indiana.
Constructed in 2011, the MOB is fully occupied by Northwest Health, a subsidiary of Community Health Systems. The building has a full-service sports medicine clinic with a surgery center, imaging room and aquatic therapy pool.
Marcus & Millichap’s Frank Roti and Brett Rodgers, first vice presidents of investments, represented the seller, an Indiana-based developer, and procured the buyer, an Indiana-based LLC specializing in medical assets. Roti and Rodgers are part of the firm’s National Healthcare Real Estate Group and recently closed other medical facility deals in Arkansas, North Carolina, Tennessee and Texas.
According to the LevinPro HC database, this marks the 257th Other Services transaction of 2022, and the 92nd deal within the MOB subsector. This is Marcus & Millichap’s first MOB transaction of 2022. The largest MOB acquirers of 2022 so far have been Montecito Medical Real Estate, with 16 transactions totaling 603,685 square feet, and JLL Income Property Trust, with seven transactions totaling 315,869 square feet.
