KANSAS CITY, MO – Institutionally-managed, daily NAV REIT, JLL Income Property Trust has purchased a three-property medical office portfolio in Kansas City, MO for $22.2 million.
The more than 50,000-square-foot portfolio is 100% leased to leading health systems and physician group tenants. The Kansas City medical office portfolio has a weighted average lease term of nearly 15 years, which provides long-term cash-flow.
The properties include the nearly 30,000-square-foot Roeland Park medical office building, which was constructed in 2021 and is anchored by the AdventHealth subsidiary, AdventHealth Shawnee Mission; the 10,000-square-foot Northland Women's Healthcare medical office building, which was constructed in 2021 and is fully-leased to an established Kansas City women's healthcare provider; and the 10,500-square-foot Blue Springs Pediatrics medical office building, which was fully redeveloped in 2021 as a best-in-class, single-tenant property that is currently leased to a physician group that is subsidiary of Children's Mercy.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
