Knoxville Medical Office Portfolio
Three-Building Medical Office Portfolio | Knoxville, TN
Transaction Details
$15.6 million
Knoxville, TN
45,359 SF
3 Medical Office Buildings
Portfolio Sale
95%+ Leased
Key Highlights
Property Overview
CREG Healthcare successfully represented the seller in the $15.6 million sale of a three-building medical office portfolio in Knoxville, Tennessee, totaling 45,359 square feet of premier medical office space in one of the Southeast's strongest healthcare markets.
Transaction Highlights
This strategic portfolio represents one of the most significant medical office transactions in the Knoxville market. The three buildings are located in established healthcare corridors with excellent proximity to major hospital systems including the University of Tennessee Medical Center. The portfolio features strong occupancy, diverse multi-specialty tenant mix, and excellent visibility in high-traffic medical districts.
Property Features
Premier Locations
Three buildings strategically positioned near major hospital systems in Knoxville's most established medical corridors.
Diverse Tenant Mix
Multi-specialty tenant roster including orthopedics, cardiology, neurology, imaging, and primary care practices.
Strong Occupancy
Portfolio maintained 95%+ occupancy with long-term tenant relationships and stable rent rolls throughout ownership.
Market Fundamentals
Knoxville's growing population, strong healthcare employment, and University of Tennessee presence create robust medical office demand.
Why This Transaction Succeeded
- Market Strength: Knoxville's reputation as a regional healthcare hub with major hospital systems attracted significant institutional buyer interest.
- Portfolio Quality: Three-building structure provided scale while maintaining operational efficiency and management simplicity.
- Hospital Proximity: Close proximity to major healthcare systems enhanced tenant desirability and long-term value.
- Stable Cash Flows: High occupancy and established tenant base provided predictable income for institutional buyers.
- Competitive Marketing: Strategic marketing campaign to healthcare REITs and medical office-focused buyers generated multiple offers.
Transaction Outcome
The portfolio sold for $15.6 million to a regional healthcare REIT seeking to expand its Tennessee medical office holdings. The transaction demonstrated CREG Healthcare's ability to position portfolios effectively in strong healthcare markets and achieve premium valuations through competitive bidding processes.
"CREG Healthcare's knowledge of the Knoxville market and their relationships with medical office-focused buyers resulted in a highly competitive process that maximized our portfolio value."
Your Transaction Team
Work directly with our experienced managing partners who have closed billions in medical real estate transactions.
Considering Selling Your Medical Property?
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