CBRE facilitated the sale of Bellaire Medical Plaza, a 57,988 square-foot medical outpatient building at 5420 Dashwood Drive in Houston, Texas, to Edloe Ventures.
Chris Bodnar, Brannan Knott, Zack Holderman, Anthony Sardo, Cole Reethof and Jesse Greshin of CBRE U.S. Healthcare Capital Markets partnered with Brandy Bellow Spinks and Max Lozmack of CBRE’s Houston Healthcare Leasing team along with Scott Carter to act as the exclusive advisors to the seller.
Bellaire Medical Plaza is a three-story, multi-tenant MOB centrally located within the Houston MSA in Bellaire, Texas. The property secured anchor health system tenancy in 2023, with Legacy Community Health, the Texas Gulf Coast regional health system. Other tenants include investment-grade Laboratory Corporation of America and local and regional physician practices providing pediatrics, OBGYN, endocrinology, urology, dentistry, pain management and audiology services.
Originally constructed in 1994, Bellaire Medical Plaza underwent renovations in 2019 to the lobby and common areas to provide a refreshed and welcoming environment for tenants and patients alike. At the time of sale, the value-add property was 54% leased with 5+ years of WALT.
