Anchor Health Enters Sacramento Market with 300K-SF MOB Portfolio

Anchor Health Properties has made its first acquisition in the Sacramento area, buying four MOBs through its partnership with Morgan Stanley. The JV bought the 300,000-square-foot portfolio from Broe Real Estate Group, which said the assets exceeded $121 million in combined value.

Located near Kaiser Roseville Medical Center and Sutter Roseville Medical Center, the properties were originally developed as Class A office buildings in Parkway Corporate Plaza. Over time, they’ve evolved to accommodate medical tenants including Sutter Health, UC Davis Health, and Kaiser Permanente.

“We see a large amount of potential upside in the investment over time, given the opportunity to expand medical tenancy at the campus,” said Anchor Health’s Chief Investment Officer James Schmid. “The overall Roseville market has a dearth of high-quality medical office space and a growing need for additional medical services. These assets are well-positioned to facilitate that need.”

Cushman and Wakefield brokered the sale. NKF’s medical office team will provide leasing services.

For questions, comments or concerns, please contact Jennifer Duell Popovec