{"id":1004493187,"date":"2020-11-17T04:05:51","date_gmt":"2020-11-17T12:05:51","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004493187"},"modified":"2025-02-26T02:24:11","modified_gmt":"2025-02-26T10:24:11","slug":"cbre-arranges-minneapolis-area-mob-sale","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-minneapolis-area-mob-sale\/","title":{"rendered":"CBRE Arranges Minneapolis-Area MOB Sale"},"content":{"rendered":"
\"\"<\/a>

Mercy Healthcare Center<\/p><\/div>\n

CBRE U.S. Healthcare and Life Sciences has brokered the sale of Mercy Healthcare Center, a 91,767-square-foot medical office building in Coon Rapids, Minn. Chris Bodnar, Lee Asher, Ryan Lindsley, Jordan Selbiger, Sabrina Solomiany and Zack Holderman, together with Ryan Watts and Sonja Dusil, represented the seller. According to Yardi Matrix data, The Excelsior Group sold the Class A asset after four years of ownership. <\/p>\n

Completed in 1977, the facility occupies more than 4 acres at 3960 Coon Rapids Blvd. NW, within Allina\u2019s Mercy Hospital campus. The four-story building underwent major renovations between 2012 and 2014, when The Excelsior Group invested more than $6 million to upgrade common areas, the HVAC system and the elevators, among others.<\/p>\n

Anchored by Allina Health System and DaVita Dialysis, the property was roughly 70 percent occupied at the time of sale, according to CBRE. The tenant roster also includes ENT Specialty Care, Handi Medical Supply and Winkley Orthopedics.<\/p>\n

Located some 17 miles north of Minneapolis, the property is 4 miles west of downtown Coon Rapids, just north of the Mississippi River. Various shopping and dining amenities are within a 2-mile radius.<\/p>\n

In early November, CBRE\u2019s Bodnar and Asher assisted The Sanders Trust and Harrison Street in the $240 million sale of an 11-property portfolio<\/a> encompassing medical office buildings and inpatient rehabilitation facilities. The collection of assets totaling 474,100 square feet is located across Texas, Ohio, Maryland, Georgia, Mississippi and Iowa.<\/p>\n

If you\u2019d like to be featured in Brokers\u2019 Corner, simply fill in <\/em>our short form<\/em><\/strong><\/a> or send your deal to <\/em>deals@cpe-mhn.com<\/em><\/strong><\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The 91,767-square-foot property is located within Allina\u2019s Mercy Hospital campus in Coon Rapids, Minn.<\/p>\n","protected":false},"author":870,"featured_media":1004365520,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21754,13,36076,21742],"tags":[32789,39246,47018,50635,34001],"class_list":["post-1004493187","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-medical-office","category-midwest","category-minneapolis-st-paul","category-latest","tag-cbre","tag-ryan-watts","tag-sabrina-solomiany","tag-sonja-dusil","tag-the-excelsior-group"],"acf":[],"yoast_head":"\nCBRE Arranges Minneapolis-Area MOB Sale - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-minneapolis-area-mob-sale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBRE Arranges Minneapolis-Area MOB Sale\" \/>\n<meta property=\"og:description\" content=\"The 91,767-square-foot property is located within Allina\u2019s Mercy Hospital campus in Coon Rapids, Minn.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-minneapolis-area-mob-sale\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-17T12:05:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-26T10:24:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/CPE-Brokers-Corner-827x400.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"827\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adriana Marinescu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-minneapolis-area-mob-sale\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/cbre-arranges-minneapolis-area-mob-sale\/\",\"name\":\"CBRE Arranges Minneapolis-Area MOB Sale - 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