Renewal Medical Middle. Picture courtesy of Anchor Well being Properties
Anchor Well being Properties has acquired Renewal Medical Middle, a 36,541-square-foot constructing in Lone Tree, Colo., by means of its Chestnut Healthcare Fund II, co-managed with Chestnut Funds. Medical Properties of America offered the asset for $13 million, in keeping with Douglas County data. First Residents Financial institution offered $18.7 million in debt financing, with a maturity date set for 2027.
Anchor Well being can even present asset and property administration providers. Renewal Medical Middle was 97 % occupied on the time of sale. Managing Companion Greg Trainor with Fairfield Asset Advisors represented the vendor within the transaction.
The medical workplace constructing beforehand modified arms in 2015, when it traded for $5.2 million, with Baceline Investments as the vendor, in keeping with CommercialEdge information.
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Rocky Mountain Kidney Care is the primary tenant, with the roster additionally together with Perception Surgical procedure Middle, Quantum Well being Options, Broadway Plastic Surgical procedure, T-Cell and Dash/Crown Fort. Quite a lot of medical providers can be found on the property, together with nephrology, ophthalmological and beauty surgical procedure, cosmetic surgery and integrative drugs.
Earlier house owners carried out two rounds of renovations. The 1987-built, Class B asset obtained a beauty improve in 2005 and was totally redeveloped in 2012.
Positioned at 9777 S. Yosemite St., the constructing is 20 miles from downtown Denver and has entry to Interstate 25, with Sky Ridge Medical Middle lower than 2 miles away. Different medical service suppliers within the space embrace UCHealth Lone tree Medical Middle, Lone Tree Medical Plaza, with Centura Parker Adventist Hospital 9.4 miles east.
Denver has 611 KSF of medical workplace house underway
As of April, 24 medical workplace buildings—totaling 374,651 sq. ft—traded within the Denver market over a 12-month interval, CommercialEdge information reveals. Again in October 2022, one other Lone Tree facility modified arms when Healthcare Realty Belief acquired Park Meadows Medical Middle from Gulftech Worldwide in a $14.8 million transaction.
Denver has a provide pipeline of 10 medical amenities in varied levels of improvement, set so as to add 611,027 sq. ft to the present stock. The market’s largest medical workplace underway is a 130,000-square-foot property, developed by Intermountain Healthcare and slated for completion in 2024.
