CBRE recently facilitated the sale of Rowland Medical Plaza, a Class A medical outpatient building (MOB) located in Novato. The 81,410-square-foot facility was sold to Los Angeles-based Stockdale Capital Partners for $32.8 million, with financing secured by CBRE’s Healthcare Debt and Structured Finance team.
The transaction was led by Chris Bodnar, Brannan Knott, Cole Reethof and Trent Jemmett of CBRE U.S. Healthcare Capital Markets in partnership with Kyle Kovac and Mike Taquino of CBRE’s Bay Area Capital Markets team and Trask Leonard from Bayside Realty Partners who advised the seller. Zack Holderman and Jesse Greshin from CBRE’s Healthcare Debt & Structured Finance team arranged the financing for Stockdale.
Located at 75 Rowland Way adjacent to Sutter Health’s Novato Community Hospital, Rowland Medical Plaza is fully leased to MarinHealth as their strategic outpatient facility. According to Bodnar: “This acquisition aligns perfectly with Stockdale’s focus on investing in resilient healthcare real estate assets that demonstrate strong growth potential.” This marks their sixth acquisition through their newly formed U.S.-focused open-ended Healthcare Real Estate Investment Fund.
