June 27, 2015
Mike Hargrave

MOB Prices Trending Near All Time Highs…

If you feel like medical office pricing is about as high as it can go, you would have a point these days. The current 2nd quarter average price per square foot is running near $330 per square foot for MOBs. You also don’t have to look too far to see evidence of this trend. Recent examples include:

  • ARC recently purchased the Rockwall Medical Plaza, an 18,000 square foot MOB which is 100% occupied by Texas Health Resources and 2 other tenants, for $363 per square foot.
  • The May, 2015 21st Century Oncology / Carter Validus transaction of 20 medical buildings was valued at $177 Million or $531 per SF.
  • RREEF Property Trust purchased 50 Staniford Street in Boston, a 193,000 square foot MOB affiliated with Mass General for $638 per SF.

Check out these transactions and more inside Revista’s new Transaction Comp Tool. Revista’s new tool allows you to search for medical real estate transactions using filters custom built for medical real estate professionals.  To get access to this tool please contact Revista.