Jul 7, 2014
$76M backs Houston Ortho & Spine Hospital sale
BELLAIRE - The Houston Orthopedic & Spine Hospital located at 5410 Southwest Fwy. has been sold for $76 million, or about $335 per sf. The 226,714-sf, Class A facility was...
BELLAIRE – The Houston Orthopedic & Spine Hospital located at 5410 Southwest Fwy. has been sold for $76 million, or about $335 per sf. The 226,714-sf, Class A facility was constructed in 2007.
The campus includes a 126,946-sf hospital, 99,768-sf multitenant medical office building and two parking structures.
CNL Healthcare Properties, a real estate investment trust that focuses on senior housing and healthcare facilities, acquired the hospital from Health Care REIT. The acquisition marks the largest single-property investment in CNL’s portfolio.
Read more at CoStar Group.
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