Cushman & Wakefield Brokers $56 Million Sale Of Medical Office Portfolio In Western Michigan

The Medical Office Portfolio, which comprises a five-property medical outpatient facility located in Western Michigan, has been sold for $56 million. The total square footage of the portfolio is 152,289, amounting to a price per square foot of $368.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $56,000,000
• Address: Medical Office Portfolio
• Market: Western Michigan
• Square Footage: 152,289
• Price Per Square Foot: $368
• Brokers: Gino J. Lollio, Travis Ives, Tyler Morss & Garrett Keais - Cushman & Wakefield

Cushman & Wakefield brokered the sale, representing the seller, a group of physicians and investors associated with the operating oncology practice. The portfolio comprises centers that are fully leased to OneOncology and The Cancer & Hematology Centers.