Pecos Plaza. Picture courtesy of CommercialEdge
Woodside Well being has acquired Pecos Plaza, a 124,000-square-foot medical workplace campus in Henderson, Nev. MIG Actual Property bought the asset for $26.7 million and the ability was topic to an acquisition mortgage of $20.6 million supplied by Unbiased Financial institution, Clark County information present. With this buy, Woodside Well being exceeded $1 billion in transaction quantity.
The property final traded in 2014, when the earlier proprietor purchased the campus from Wells Fargo Financial institution for $17.5 million, as a part of an REO sale, based on CommercialEdge knowledge.
Pecos Plaza got here on-line in 2006 and encompasses eight one- and two-story buildings unfold throughout 7.6 acres. The Class B medical campus affords managed entry and parking at a ratio of 4.2 areas per 1,000 sq. toes. The belongings are 90 p.c occupied, with the tenant roster together with Belle Medical, Las Vegas Urology, Serenity Dental and Modern Ache Care Middle, amongst others.
The property is situated at 9005-9089 S. Pecos Street, 6.9 miles from downtown Henderson, 18.3 miles from Las Vegas, and has entry to Interstate 215. Different medical amenities within the surrounding space embrace ER at Inexperienced Valley Ranch, Southwest Medical Heights Pressing Care and Dignity Well being Rehabilitation Hospital.
Current Woodside Well being offers
Based in 2008, Woodside Well being owns greater than 2.5 million sq. toes of health-care belongings. The present buy marks the corporate’s forty eighth acquisition. The agency beforehand made investments within the medical workplace sector in Arizona, Florida, Georgia, Nevada, Ohio and Texas.
Earlier this 12 months, Woodside Well being recapitalized a 10-property, 423,000-square-foot medical workplace portfolio spanning 4 states, in a transaction valued at $140 million. Final 12 months in June, the corporate acquired Optum Middle, an 81,907-square-foot medical workplace constructing in Phoenix anchored by UnitedHealthcare. Talia Jevan Properties Inc. bought the asset for $20 million.
