On November 20, Matthews Real Estate Investment Services announced that it facilitated the sale of Texas Children’s Pavilion for Women, a medical outpatient building (MOB) in Austin, Texas. The purchase price was $10.8 million.
The MOB is a Class A building and comprises 12,750 square feet. It is operated under a long-term net lease backed by investment-grade credit and secured by one of the nation’s leading pediatric and women’s health systems. The price totals to slightly more than $847 per-square-foot.
The press release noted that the undisclosed buyer was attracted to the operator’s strength, quality construction and well-positioned location in the Far Northwest Austin submarket.
According to data captured in the LevinPro HC database, this marks the 201st MOB transaction since the start of the year. So far, MOBs account for more than 10% of the 1,918 healthcare transactions that have been reported in 2025 so far. There were 213 MOB transactions announced in 2024, and 199 were reported in 2023.
Notable buyers in the MOB space for the year include Montecito Medical (25 deals), Woodside Health (six deals), Remedy Medical Properties (seven deals) and Kayne Anderson (five deals).
