20-Property Portfolio Goes for $117M

WALNUT CREEK, CA–A medical office building portfolio comprised of 20 radiation oncology centers located in Florida, California, Nevada, West Virginia and Kentucky has sold with a price of slightly more than $117 million. The total square footage of the healthcare property portfolio is 224,150 square feet or approximately $522 per square foot.

Marcus & Millichap associate vice presidents, Gino Lollio and Scott Niedergang, represented the seller, a group of physicians affiliated with the tenant, and the buyer, a private non-traded REIT with a focus on healthcare. The net-leased tenant is 21^st Century Oncology, which executed a new master lease prior to close of the transaction.