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Welltower Acquires Medical Office In Sacramento From NexCore Group For $45.6M

Property Image
SOLD
$45,600,000

California

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Medical Office103,652 SF
Sold 06/28/2024
the dealdetailscomps
Property Image
SOLD

Welltower Acquires Medical Office In Sacramento From NexCore Group For $45.6M

1201 Alhambra Boulevard

See Similar Deals
Medical Office103,652 SF
Sold 06/28/2024
the dealdetailscomps

Summary

CALIFORNIA
Asset Type:Medical Office
Price Per Square Foot:$439
Total Square Footage:103,652 SF
Transaction Type:Sale

The 103,652-square-foot medical office building located at 1201 Alhambra Blvd in Sacramento, California, was acquired by Welltower from NexCore Group for $45.6 million.

Summary of transaction details:

  • Property Type: Medical Office
  • Transaction Amount: $45,600,000
  • Buyer: Shankh Mitra - Welltower
  • Seller: Greg Venn - NexCore Group
  • Broker: Colliers
  • Market: Sacramento
  • SF: 103,652
  • PPSF: $440

Colliers U.S. Healthcare Capital Markets played a pivotal role in facilitating the transaction between Welltower and NexCore Group, marking Welltower's investment in the property that had been previously purchased for $21.3 million in 2011, reflecting the continued activity in the medical outpatient sector in light of broader market trends and infrastructure enhancements.

Details

SOLD
IMAGE: Shankh Mitra & Greg Venn DATE: 06/28/2024 ADDRESS: 1201 Alhambra Boulevard MARKET: Sacramento ASSET TYPE: Medical Office BUYER: Shankh Mitra - Welltower SELLER: Greg Venn - NexCore Group (@NexCore_Group) BROKER: Colliers (@ColliersInternational) SALE PRICE: $45,600,000 SF: 103,652 ~ PPSF: $440 NOTE: Welltower has acquired the 103,652-square-foot medical office building at 1201 Alhambra Blvd in Sacramento, California, from NexCore Group for $45.6 million, as recorded in Sacramento County. Colliers U.S. Healthcare Capital Markets facilitated the transaction, marking Welltower's investment in a property previously purchased in 2011 for $21.3 million, highlighting ongoing activity in the medical outpatient sector amid broader market trends and infrastructure enhancements.

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