CBRE Announces Sale of Villa Rosa Medical Plaza in San Antonio
- Jun 29, 2014
Villa Rosa Medical Plaza in San Antonio has changed owners. The seller, L&B Realty Advisors LLP, was represented in the transaction by Chris Bodnar and Lee Asher, from CBRE Group Inc.’s U.S. Healthcare Capital Markets Group, and Scott Herbold and Todd Mills from its San Antonio office. The buyer is American Healthcare Investors, but the amount remains undisclosed.
The three-story medical office building was built in 2010; it encompasses 68,402 square feet and is located on the CHRISTUS Santa Rosa Medical Center campus under a long-term ground lease. The property features a covered porte-cochere at the main entrance and 289 surface parking spaces for physicians and patients, of which 16 are covered. Lush green landscaping surrounds the medical villa, and a lily pond with fountain creates a soothing area for patients.
“The Villa Rosa Medical Plaza on the CHRISTUS Santa Rosa medical center campus was very well received in the market,” said Herbold. “In addition to having on-campus credit tenancy, it is well positioned as the only newer medical office building in the South Texas Medical Center, with first-generation shell space on large, efficient floor plates.”
The building is located within the 900-acre South Texas Medical Center, the largest concentration of medical centers in San Antonio: It includes 13 hospitals; the University of Texas Health Science Center; and medical, dental and nursing schools.
CBRE’s U.S. Healthcare Capital Markets Group has significant national transaction experience with healthcare real estate investments and financing. The group has completed more than $2.5 billion in healthcare sales and debt sourcing transactions since 2007.