Community Dental Care buys Maplewood, Minnesota Medical Outpatient Building
Community Dental Care, a management service organization (MSO), announced on July 11 that it acquired a medical outpatient building (MOB) in Maplewood, Minnesota. The seller was 3M, an industrial manufacturing company. The MOB is a 32,175-square-foot Class B outpatient building that is directly east of 3M Center. The MOB was sold for $2.475 million. The price is approximately $77 per square foot. Community Dental Care is an MSO based out of Maplewood, Minnesota. Community Dental Care has 43 dentists in its network, and a staff of more than 270 professionals, serving nearly 50,000 patients every year. According to data captured in the LevinPro HC database, this... Read More »
JLL Closes Cypress West Partners and TPG Angelo Gordon’s Acquisition of Chula Vista, California MOB
On July 9, JLL Capital Markets announced that it represented Turner Impact Capital in the sale of a Chula Vista, California medical outpatient building (MOB). The property was purchased through a joint venture between Cypress West Partners and TPG Angelo Gordon. The MOB consists of 37,000 square feet. The facility is on the campus of the 173-bed Scripps Mercy Hospital Chula Vista. Renovated in 2015, the four-story property is currently leased to 12 tenants, including anchor tenant Scripps Health. Cypress West Partners is a privately held investor, developer, owner and operator of medical properties throughout the western United States. The Cypress West Partners portfolio... Read More »
Sendero Capital & TPG Angelo Gordon acquire Wellesley, MA Medical Outpatient Building
Sendero Capital and TPG Angelo Gordon announced a joint venture to acquire a Wellesley, Massachusetts medical outpatient building (MOB) for $24.3 million. Newmark arranged the transaction. The building, anchored by Mass General Brigham and Tufts Medicine, spans 67,264 square feet and serves various medical specialties. The price is approximately $361 per square foot. Sendero Capital is a privately held real estate investment, development and advisory firm based in Boston, Massachusetts. The principals of the firm have decades of experience investing in, developing and managing large portfolios of real estate across the United States, including millions of square feet in... Read More »
Miami Lakes Medical Outpatient Building Sold to Private Buyer
On June 16, it was announced that a Miami Lakes, Florida medical outpatient building (MOB) was sold to a private buyer. The buyer was Kester Nedd, MD. The MOB is a three-story, 52,122-square-foot facility whose tenants are a variety of healthcare providers. The price is approximately $288 per square foot. The original press release disclosed that there is currently 9,075 square feet of space available for lease in the building. According to data captured in the LevinPro HC database, this transaction marks the 93rd MOB acquisition of 2024. Additionally, this is the 16th MOB in Florida to be acquired this year. Read More »
Sacramento, California Medical Outpatient Building Sold
On June 26 Colliers U.S. Healthcare Capital Markets announced the closing of a healthcare real estate property. The financial terms of the transaction were not disclosed. The property is a 103,652-square-foot, medical outpatient building (MOB) and ambulatory surgery center (ASC) in Sacramento, California. It is 88% occupied by Sutter Health providing health care services that include family medicine, internal medicine, bariatrics and PT/ST/OT, along with specialty suites that include an urgent care clinic, on-site laboratory, infusion clinic and an ambulatory surgery center. According to data captured in the LevinPro HC database, there have been 92 MOB transactions since... Read More »Schedule a demo
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