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Intense Investor Competition Leads to $21M Sale of MOB in Fairfax
Avison Young has brokered the $21-million sale of Prosperity Plaza, a medical office building less than one mile from the campus of Inova Fairfax Hospital, VA’s largest healthcare facility.
Bethesda, MD-based Global Medical REIT purchased the 96,070-square-foot building at 3020 Hamaker Court from its original developer, The Tomares Companies.
An Avison Young team of Jim Kornick, Mike Wilson, Jon Goldstein and Joe French represented the seller.
“The intense competition for this asset exemplifies how capital across the investment spectrum remains in hot pursuit of healthcare properties,” Kornick said. “Once again, the investment thesis that medical office buildings are recession-resistant has been reinforced, and now we can add that these properties are also pandemic-resistant as well.”
The 1986-constructed Prosperity Plaza sits on three acres and features a two-level parking garage as well as surface parking. The seven-story building is currently 84% leased to medical and traditional office tenants.
- ◦Sale/Acquisition
