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Medical Assets Are Resilient and Attract Favorable Demographics

DALLAS—Evan Kovac of HFF recently shared some insights in this EXCLUSIVE about the sale of Coit Medical Center and medical office buildings in general, with the premise that investors see MOBs as a stable asset class with long-term durability.

Coit Med Center Coit Med Center is fully leased and anchored by Baylor Scott & White Health.

DALLAS—Completed in 2009, Coit Medical Center is a two-story, 32,201-square-foot medical office building. The property is located at 12230 Coit Rd. at the convergence of Lyndon B. Johnson Freeway (Interstate 635) and North Central Expressway (US 75), just off the campus of the Medical City Dallas Hospital. 

This positions the asset within three miles of more than 1,800 hospital beds at Medical City Dallas Hospital, Medical City Children’s Hospital and Texas Health Presbyterian Hospital Dallas. This location is in line with the tenant mix at Coit. The fully leased facility is anchored by Baylor Scott & White Health. Additional tenants include Greater Dallas Orthopaedics, Legacy Heart Care, Texas Orthopaedic Surgical Associates and Lester Plastic Surgery. 

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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