July 14, 2017 Comments Off on Griffin-American Buys Southern Oregon MOB Views: 865 Healthcare News, Medical Office Building, National News, Oregon, West

Griffin-American Buys Southern Oregon MOB

Griffin-American Healthcare REIT IV, Inc., acquired Roseburg Medical Office Building in Roseburg, OR from Roseburg Surgery Center, LLC, for $23.2 million. The REIT is co-sponsored by American Healthcare Investors and Griffin Capital Company LLC.

Built in 2002, the roughly 62,000-square-foot Roseburg Medical Office Building is currently 100% triple net leased to Mercy Medical Center, Inc. and Centennial Medical Group with an average remaining lease term in excess of nine years and annual rent escalators between 2% and 3%.

The MOB is physically connected to the 174-bed Mercy Medical Center, and provides a broad range of medical and surgical services, such as physical therapy, imaging, neurosurgery, podiatry and orthopedics. Mercy Medical Center is the largest hospital in Douglas County, OR and a member of Catholic Health Initiatives.

CBRE’s Lee Asher and Chris Bodnar represented the seller.

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