Providence Health Medical Office
Multi-Tenant Medical Office Building | Oregon
Transaction Details
$4.65 million
Portland, OR
14,316 SF
Medical Office Building
Investment Sale
Multi-Tenant
Key Highlights
Property Overview
CREG Healthcare successfully represented the seller in the $4.65 million sale of Providence Health Medical Office, a 32,800 square foot multi-tenant medical office building in Oregon with strong hospital system affiliation and diverse specialty tenant mix.
Transaction Highlights
Providence Health Medical Office represents a premier on-campus or near-campus medical office building affiliated with the Providence Health system. The property benefits from excellent proximity to major hospital facilities, providing convenient access for specialists requiring hospital privileges and enhanced patient referral opportunities. The building features institutional-quality construction, professional management, and a stable roster of specialty medical tenants.
Property Features
Hospital Affiliation
Strategic location affiliated with Providence Health system providing access to hospital services and strong referral networks.
Multi-Specialty Tenancy
Diverse tenant mix including cardiology, orthopedics, neurology, and other specialists requiring hospital proximity.
Institutional Quality
Class A medical office building with modern systems, professional management, and excellent maintenance standards.
Oregon Healthcare Market
Strong Oregon healthcare utilization and limited medical office supply in hospital-affiliated locations enhance value.
Why This Transaction Succeeded
- Hospital Affiliation: Providence Health system connection provided tenant stability and attracted buyers seeking hospital-affiliated properties.
- Location Premium: On-campus or near-campus location commanded premium valuations due to scarcity and tenant demand.
- Tenant Quality: Specialty medical tenants requiring hospital proximity provided stable, long-term occupancy.
- Property Condition: Institutional-quality building with excellent maintenance enhanced buyer confidence.
- Marketing Strategy: Targeted campaign to healthcare REITs and medical office investors focused on hospital-affiliated assets.
Transaction Outcome
Providence Health Medical Office sold for $4.65 million to a healthcare REIT specializing in on-campus medical office buildings. The transaction demonstrated CREG Healthcare's ability to maximize value for hospital-affiliated properties by emphasizing location advantages, tenant quality, and limited competitive supply to achieve premium pricing.
"CREG Healthcare's expertise in marketing hospital-affiliated medical office buildings and their relationships with institutional buyers resulted in an exceptional outcome for our Oregon property."
Your Transaction Team
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