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Gilbert, Arizona Medical Office Building Purchased for $1.15 Million

Gilbert, Arizona Medical Office Building Purchased for $1.15 Million

by | Jan 18, 2023 11:18 am | Medical Office Buildings, Other Services

On January 15 Werner Treichler acquired a Gilbert, Arizona medical office building (MOB) for $1.15 million.  The 2,713-square-foot building is in Gilbert, Arizona, which is approximately 25 miles southeast of Phoenix . The price is $424 per square foot. Werner Treichler purchased the building using a 1031 intermediary to defer 100% of capital gains taxes and will lease it back to the Arizona Eye Specialists practice for 10 years. DOCPROPERTIES brokered the sale, representing the seller, Gateway Arizona Eye Specialists LLC. According to data captured in the LevinPro HC database, this acquisition represents the 15th MOB transaction of 2023. Compared to January 1, 2022, through January... Read More »
Big Sky Obtains $190 Million for 10 Healthcare Properties

Big Sky Obtains $190 Million for 10 Healthcare Properties

by | Jan 12, 2023 1:32 pm | Medical Office Buildings, Other Services

Big Sky Medical Real Estate obtained $190 million worth of acquisition financing for 10 healthcare properties in four states totaling 857,779 square feet. JLL Capital Markets worked for Big Sky in securing the five-year, floating-rate loan from a bank syndication led by Capital One Healthcare. The properties are collectively 87% occupied and include outpatient medical office buildings, ambulatory surgery centers, diagnostic imaging centers as well as other healthcare-related specialties. The facilities are located in: Dallas; Houston; College Station and Richardson, Texas; Salisbury, Maryland; Hammond, Louisiana; and Modesto, California. The JLL Capital Markets team representing the... Read More »
Gilbert, Arizona Medical Office Building Purchased for $1.15 Million

Healthcare Realty Trust Sells Georgia Medical Office Building Portfolio

by | Jan 10, 2023 3:58 pm | Medical Office Buildings

On January 9, a medical office building (MOB) portfolio in Atlanta and Rome, Georgia was sold by Healthcare Realty Trust, Inc. to AW Property Company. The transaction was financed by Ally Bank. Terms were not disclosed.  The portfolio consists of nine buildings that total 350,000 square feet. Anchored by Harbin Clinic and First Georgia Physicians Group, the facilities were 90% leased. Other tenants include Piedmont, Northside Hospital and Fresenius Medical Care.  AW Property Company is a real estate investment company that specializes in acquiring and enhancing medical and professional office properties in major markets throughout the Southeast. It is based in North Palm Beach,... Read More »
Big Sky Medical Acquired Modesto Medical Office Building

Big Sky Medical Acquired Modesto Medical Office Building

by | Jan 9, 2023 3:44 pm | Medical Office Buildings

Big Sky Medical announced on January 6 that it acquired a medical office building (MOB) in Modesto, California. The property consists of two buildings: a multi-tenant MOB and an ambulatory surgery center (ASC). The MOB is occupied by Valley Orthopaedics and Pacific Medical Inc. The ASC is occupied by River Surgical Institute and Pacific Medical Inc. Together, the buildings total 20,695 square feet. Big Sky Medical is a national real estate investment management firm that invests in healthcare-related real estate with a concentration in the medical office and life science sectors. Big Sky Medical, which is headquartered in Dallas, has more than $2 billion in healthcare real estate... Read More »
Big Sky Medical Acquired Modesto Medical Office Building

Montecito Medical Acquires Indianapolis, Indiana MOB

by | Jan 5, 2023 10:55 am | Medical Office Buildings, Other Services

Montecito Medical Real Estate, a leading acquirer of medical office properties nationwide, has completed its acquisition of a 34,369 square-foot medical office building (MOB) in Indianapolis, Indiana. Terms of the deal were not disclosed. The MOB is tenanted by the Midwest Center for Joint Replacement, which uses the property for orthopedic clinical care, orthopedic surgeries and physical therapy. Midwest Center for Joint Replacement is the dominant orthopedic group within a 10-mile radius of the property’s location on the southwest side of Indianapolis. The group maintains an additional location in Bloomington, Indiana. Montecito Medical Real Estate specializes in healthcare-related real... Read More »
JLL Serves as Broker for $131 Million Medical Office Building Portfolio Sale

JLL Serves as Broker for $131 Million Medical Office Building Portfolio Sale

by | Jan 4, 2023 3:49 pm | Medical Office Buildings

Remedy Medical Properties and Kayne Anderson Real Estate announced on January 4 their joint acquisition of a medical office building (MOB) portfolio for $131 million. The seller was Montecito Medical Real Estate. JLL served as the broker for the transaction. The Project Prism Portfolio is a fully leased medical office portfolio that consists of 13 properties in eight states totaling 300,328 square feet. The price was $436 per square foot. The portfolio represents a significant expansion for Remedy Medical Properties and Kayne Anderson Real Estate. The deal closed in late December 2022. Last year, the joint venture completed five MOB transactions. Remedy Medical Properties is one of the... Read More »