El Paso Medical Portfolio sells for $46M

EL PASO – A specialty surgical hospital and two medical office buildings, totaling 178,000 sf, have been purchased for $46.2 million by Physicians Realty Trust.

The facilities, primarily leased to El Paso Orthopedic Surgery Group, are currently 94.5 percent occupied. The acquired assets include:

•  East El Paso Physician’s Medical Center located at 1400 George Dieter Dr.;
•  East El Paso Medical Office Building located 1416 George Dieter Dr.; and
•  El Paso Medical Office Building located at 10420 Vista Del Sol.

The El Paso purchases were part of a seven-property portfolio totaling approximately $114.1 million. The four other properties were all located in Ohio.