CBRE continues strata medical success with 45m sale
CBRE continues strata medical success with $4.5m sale
| 14 August 2019
The healthcare investment market continues to prove popular among investors, as demonstrated by the off-market transaction of a strata medical asset located within the Monash Specialist Centre for $4.5 million.
With an NLA of 529sqm, the property is fully leased to MIA Radiology, one of many tenants in the established medical centre.
Mr Twelftree said the sale represents the continued demand from investors to secure medical offerings, which remain scarce in today’s investment market despite their popularity.
“The security associated with medical offerings remains unmatched, particularly when national or well-established tenants are involved,” Mr Twelftree said.
“The most important factor for investors, tenants and owner occupiers alike within the medical field is the property’s proximity to surrounding complimentary uses. This asset benefits from numerous medical specialist and allied health options within the immediate vicinity.”
Mr Peluso said; “Population growth continues to be a major driver for the medical sector and with the percentage of Australian residents aged 65+ set to reach 22% by 2056, there is a high level of confidence that the demand for medical related services will continue to expand.”
The sale follows CBRE’s recent strata transactions of 33 Flemington Road, North Melbourne on behalf of Nicole Chow and level 1, 111 Overton Road, Williams Landing on behalf of Cedar Woods.
212-220 Clayton Road, Clayton transacted for a final price of $4,465,000 and featured a passing income of $254,000p.a + Outgoings.
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.