Four Corners Property Trust Acquires MOB in Tennessee
Four Corners Property Trust announced the acquisition of a medical office building (MOB) housing a Baptist Medical Group (BMG) primary care practice for $9.7 million. The transaction was priced at a 6.9% cap rate on rent as of the closing date and exclusive of transaction costs. The BMG property is located in a highly trafficked corridor in Tennessee and is corporate-operated under a long-term, triple-net lease with approximately 10 years of term remaining. BMG is the Mid-South’s largest integrated not-for-profit multispecialty physician practice, with more than 500 expert primary and specialty care doctors practicing throughout West Tennessee, North Mississippi and East Arkansas.... Read More »
CBRE Announces Closing of Irving, Texas MOB
CBRE Group, Inc.’s U.S. Healthcare Capital Markets announced the closing of Baylor Irving MOB III, a medical office building (MOB) in Irving, Texas. Irving Hospital Authority is listed as the acquirer in the deal, and Madison Marquette is the seller. The property is a Class A, 54,941-square-foot medical outpatient MOB positioned on the campus of the 293-bed Baylor Scott & White Medical Center – Irving, an acute care hospital. The recently developed property is currently 68% occupied by five tenants including an investment grade-credit health system, regional physician groups and private practices. Approximately 22% of the property is leased to HealthTexas Resource Network, a... Read More »
Flagship Healthcare Trust Acquires Mechanicsville, VA MOB
Flagship Healthcare Trust, which is managed and owned by Flagship Healthcare Properties, is acquiring a 15,000-square-foot medical office building (MOB) in Mechanicsville, Virginia for $5.4 million, according to county records. Built in 2014, the building is fully leased by Richmond Pediatric Associates and Richmond Pediatric Dentistry & Orthodontics. The property was most recently assessed at $4.2 million. Flagship Healthcare Trust is a private real estate investment trust that owns clinical healthcare assets in the United States. Flagship holds interests in 90 healthcare properties valued at more than $850 million. Flagship’s portfolio includes more than 2.3 million... Read More »
Premier Health Sells Women’s Health Building in Mason, Ohio
Premier Health announced on January 24 that it has sold the medical office building (MOB) housing Center for Women’s Health and Wellness in Mason, Ohio. The 47,303-square-foot MOB is trading for $4.2 million. Premier Health has plans to relocate following the sale. Premier Health offers five inpatient hospital campuses, eight emergency centers, eight urgent care locations and more than 130 outpatient locations, affiliated primary care and specialty physician offices that provide services across the southwest Ohio region. Center for Women’s Health and Wellness has five employees and will not cut jobs or services once it moves locations. There is currently no firm date or... Read More »
SkyView Advisors Closes Sale of Florida MOB Portfolio
SkyView Advisors announced that it closed its first healthcare transaction of 2024 with the sale of a medical office building (MOB) portfolio. The portfolio is located in Lakeland and Winter Haven, Florida and consists of three facilities that total 50,000 square feet. Both the buyer and seller were not disclosed. The financial terms were not disclosed, either. SkyView Advisors is a national commercial real estate brokerage firm. The company is based in New Jersey. According to data captured in the LevinPro HC database, this transaction marks the 16th MOB acquisition of 2024. In 2023, 193 MOB transactions were reported. Read More »Schedule a demo
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