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| 121 Sotoyome Medical Office Building, Santa Rosa, CA |
SAN DIEGO, CA, July 7,
2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed
the sale of 121 Sotoyome, a
34,047-square-foot, medical office building in Santa Rosa, California.
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| Evan Kovac |
HFF sold the property on behalf of the seller,
Sotoyome Medical Building, LLC. American
Realty Capital Healthcare Trust II, Inc. purchased the asset for an undisclosed
amount.
The property was carved out as
part of a larger healthcare portfolio located throughout Sonoma and Mendocino
Counties.
121 Sotoyome is directly
adjacent to Santa Rosa Memorial Hospital, a 278-bed, acute care facility and
Level II Trauma Center in Santa Rosa, about 55 miles north of San
Francisco. Santa Rosa Memorial Hospital
is a member of the prestigious St. Joseph Health System.
The property is fully leased to St. Joseph
Heritage Healthcare and functions as an outpatient multi-specialty and
radiology service center with built out rooms for MRI, PET, CT and Linear
Accelerators.
Originally built in 1955,
the property has been consistently updated throughout the years with more than
$5 million in improvements made since 2005.
The HFF investment sales
team was led by managing director Evan
Kovac who is a part of HFF’s national healthcare practice.
“The market for well-positioned medical office
buildings is outstanding. St. Joseph’s
Outpatient Center is a highly specialized facility, providing critical
radiology and imaging services to the Santa Rosa community. The aging trends of baby boomers coupled with
recession resistant performance of medical office properties creates stability
well into the future,” said Kovac.
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 |
Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
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