CBRE Capital Markets announces the sale of an 80,000-sq.-ft. specialty medical building on the CHRISTUS Santa Rosa medical center campus in San Antonio. PPH Real Estate, LLC, a partnership of local physicians and investors, purchased the building at 5109 Medical from Stream Realty Partners for an undisclosed price.
Scott Herbold of CBRE Capital Markets’ Investment Properties, Healthcare, arranged the sale on behalf of Stream Realty Partners.
The four-story building at 5109 Medical Drive was constructed in 2008 on a long-term ground lease with CHRISTUS Health. It was specially designed and built for overnight clinical research studies for pharmaceutical R&D. The buyer is working with CHRISTUS to bring additional services to their medical center campus.
The facility is highly finished and includes 38 semi-private rooms for 100 patient beds and 22 restrooms, a clinical laboratory and a pharmacy.