The Surgery Center Premium for MOBs
Revista tracks and identifies medical buildings that contain a surgery center. Within our database, surgery centers are a tag rather than a property type as many surgery centers are contained within an MOB, Office w/ Med or even a Retail w/ Med building. So, with regards to transactions, we can track buildings that have a surgery center and compare certain metrics to buildings that do not have a surgery center.
The table below shows the median price per square foot (PPSF) for medical office buildings (MOBs) that have a surgery center and do not have a surgery center and the resulting premium. You can see that over the past 4 years, MOBs that have a surgery center have traded, on a median price per SF basis, at a 7.1% premium over MOBs that do not have a surgery center.
This data covers hundreds of observations each year and it should be noted there are wide variations in these medians and averages. Revista subscribers can filter transactions for MOBs that have/do not have a surgery center.
MOB Median Price Per Square Foot, MOBs With and Without a Surgery Center (Source; Revista)