An institutional investor paid $26.6 million, or $411.97 per square foot, for a medical office building and surgery center in Golden, according to Jefferson County records.
MBRE Healthcare, which owns more than 11 million square feet of health care facilities across the country, purchased Panorama Medical Center from an affiliate of LNR Partners LLC. The two-story, 64,568-sf building is located at 660 Golden Ridge Road.
Panorama Orthopedics & Spine Center occupies 70 percent of the building, and Golden Ridge Surgery Center, a joint venture of the center’s surgeons and Centura Health, is in the remaining 30 percent of the space. The building was constructed for the tenants in 2000.
“The allure of the property was really the physician group that’s in there,” said Chris Bodnar, vice chairman, investment properties, with CBRE’s U.S. Healthcare Capital Markets group. Panorama Orthopedics, which has a high procedure volume in the building, has invested heavily in the property, he said. “They spent significant money out of their on pocket into that space and into the rest of the building, making it a higher renewal probability than most medical buildings.
“A variety of different buyer types expressed interest in this deal. We had a very strong showing,” Bodnar commented.
Panorama Medical Building is a full-service orthopedic medical office building. The surgery center includes four operating rooms and two treatment rooms, and is staffed by surgeons specializing in orthopedics, pain management and sports medicine. The building includes an imaging center, physical therapy center and orthopedic research foundation.
In addition to Bodnar, CBRE’s Healthcare Capital Markets group includes Lee Asher, Shane Seitz, Ryan Lindsley and Sabrina Solomiany.
