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 »
Blue Arch Capital Acquires Medical Outpatient Building for $15.25 Million
Avison Young, a global real estate broker, announced on June 17 that Blue Arch Capital acquired a medical outpatient building (MOB) in Silver Spring, Maryland for $15.25 million. Doctors Medical Park consists of three buildings and totals approximately 98,000 square feet. It is spread over 4.8 acres of land and is situated about a mile north of Holy Cross Hospital. The complex’s current tenants include Community Radiology Associates, Fresenius, Capital Women’s Care and The Ladas Eye Group. The price is roughly $156 per-square-foot. Blue Arch Capital is a real estate private equity firm that acquires and operates core-plus and value-add properties in the United States. It is... Read More »
Four Corners Property Trust Acquires Medical Outpatient Properties for a Combined $6.8 Million
Four Corners Property Trust (FCPT) announced that it was expanding its presence in both Iowa and Missouri, buying a MercyOne outpatient clinic property, as well as a Mercy Health property. The MercyOne outpatient clinic property is in Iowa. It is corporate-operated under a long term, triple net lease with approximately six years of term remaining. It was sold for $3 million. The transaction was priced at a 7.2% cap rate on rent as of the closing date and exclusive of transaction costs. The Mercy Health property is in a strong retail corridor in Missouri and corporate-operated under a triple net lease with approximately five years of term remaining. The transaction was priced... Read More »Schedule a demo
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