July 11, 2018
American Healthcare Investors and Griffin Capital Company, LLC, the co-sponsors of Griffin-American Healthcare REIT IV, Inc., acquired a Class A medical office building in Grand Junction, CO from Grand Junction Medical Center LLC for $31.5 million.
Built in 2013, the roughly 83,000-square-foot Grand Junction Medical Office Building was 100% leased to multiple tenants, including Colorado West Healthcare System and its subsidiaries, Urological Associates of Western Colorado, P.C. and Western Orthopedics and Sports Medicine, P.C., which lease approximately 44% of the building.
“Grand Junction Medical Office Building is a premier medical office building in the Grand Valley region of western Colorado, and is an important component of the medical delivery network for the 150,000 people living in and around Grand Junction,” said Stefan Oh, EVP of acquisitions for American Healthcare Investors and Griffin-American Healthcare REIT IV.
CBRE’s Chris Bodnar and Lee Asher represented the seller.
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