{"id":1004658914,"date":"2023-04-26T03:45:01","date_gmt":"2023-04-26T11:45:01","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004658914"},"modified":"2023-04-26T03:45:02","modified_gmt":"2023-04-26T11:45:02","slug":"anchor-health-buys-denver-mob","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/anchor-health-buys-denver-mob\/","title":{"rendered":"Anchor Health Buys Denver MOB"},"content":{"rendered":"
\"Renewal<\/a>

Renewal Medical Center. Image courtesy of Anchor Health Properties<\/em><\/p><\/div>\n

Anchor Health Properties<\/strong> has acquired Renewal Medical Center, a 36,541-square-foot building in Lone Tree, Colo., through its Chestnut Healthcare Fund II, co-managed with Chestnut Funds<\/strong>. Medical Properties of America <\/strong>sold the asset\u00a0for $13 million, according to Douglas County records. First Citizens Bank<\/strong> provided $18.7 million in debt financing, with a maturity date set for 2027.<\/p>\n

Anchor Health will also provide asset and property management services. Renewal Medical Center was 97 percent occupied at the time of sale. Managing Partner Greg Trainor with Fairfield Asset Advisors<\/strong> represented the seller in the transaction.<\/p>\n

The medical office building previously changed hands in 2015, when it traded for $5.2 million, with Baceline Investments as the seller, according to CommercialEdge data.<\/p>\n

\n

READ ALSO:<\/strong> Why MOBs Offer Healthy Investor Appeal<\/a><\/p>\n

\n

Rocky Mountain Kidney Care is the main tenant, with the roster also including Insight Surgery Center, Quantum Health Solutions, Broadway Plastic Surgery, T-Mobile and Sprint\/Crown Castle. A variety of medical services are available at the property, including nephrology, ophthalmological and cosmetic surgery, plastic surgery and integrative medicine.<\/p>\n

Previous owners conducted two rounds of renovations. The 1987-built, Class B asset received a cosmetic upgrade in 2005 and was fully redeveloped in 2012.<\/p>\n

Located at 9777 S. Yosemite St., the building is 20 miles from downtown Denver and has access to Interstate 25, with Sky Ridge Medical Center less than 2 miles away. Other medical service providers in the area include UCHealth Lone tree Medical Center, Lone Tree Medical Plaza, with Centura Parker Adventist Hospital 9.4 miles east.<\/p>\n

Denver has 611 KSF of medical office space underway<\/h2>\n

As of April, 24 medical office buildings\u2014totaling 374,651 square feet\u2014traded in the Denver market over a 12-month period, CommercialEdge data shows. Back in October 2022, another Lone Tree facility<\/a> changed hands when Healthcare Realty Trust acquired Park Meadows Medical Center from Gulftech International in a $14.8 million transaction.<\/p>\n

Denver has a supply pipeline of 10 medical facilities in various stages of development, set to add 611,027 square feet to the existing inventory. The market\u2019s largest medical office underway is a 130,000-square-foot property, developed by Intermountain Healthcare and slated for completion in 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"

The asset last changed hands eight years ago.<\/p>\n","protected":false},"author":2829,"featured_media":1004658922,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1587,21783,21754,21742,15],"tags":[36946,51741,33278],"class_list":["post-1004658914","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-denver","category-investment","category-medical-office","category-latest","category-west","tag-anchor-health-properties","tag-fairfield-asset-advisors","tag-first-citizens-bank"],"acf":[],"yoast_head":"\nAnchor Health Buys Denver MOB - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Anchor Health Properties has expanded its portfolio with the acquisition of a 36,541-square-foot building, 20 miles from downtown Denver.\" \/>\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\/anchor-health-buys-denver-mob\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Anchor Health Buys Denver MOB\" \/>\n<meta property=\"og:description\" content=\"Anchor Health Properties has expanded its portfolio with the acquisition of a 36,541-square-foot building, 20 miles from downtown Denver.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/anchor-health-buys-denver-mob\/\" \/>\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=\"2023-04-26T11:45:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-26T11:45:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Transactions-Anchor-RenewalMedCtr-9777SYosemiteSt-LoneTreeCO-e1682415124815.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1039\" \/>\n\t<meta property=\"og:image:height\" content=\"779\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Madalina Pojoga\" \/>\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\/anchor-health-buys-denver-mob\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/anchor-health-buys-denver-mob\/\",\"name\":\"Anchor Health Buys Denver MOB - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/anchor-health-buys-denver-mob\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/anchor-health-buys-denver-mob\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Transactions-Anchor-RenewalMedCtr-9777SYosemiteSt-LoneTreeCO-e1682415124815.jpg\",\"datePublished\":\"2023-04-26T11:45:01+00:00\",\"dateModified\":\"2023-04-26T11:45:02+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7ced0369df035c845a1e5d647c62dd7a\"},\"description\":\"Anchor Health Properties has expanded its portfolio with the acquisition of a 36,541-square-foot building, 20 miles from downtown Denver.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/anchor-health-buys-denver-mob\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/anchor-health-buys-denver-mob\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/anchor-health-buys-denver-mob\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Transactions-Anchor-RenewalMedCtr-9777SYosemiteSt-LoneTreeCO-e1682415124815.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Transactions-Anchor-RenewalMedCtr-9777SYosemiteSt-LoneTreeCO-e1682415124815.jpg\",\"width\":1039,\"height\":779,\"caption\":\"Renewal Medical Center. 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