Transaction highlights strength of medical office asset class
DALLAS – [November 9, 2022] — Earlier this month, Mohr Capital, a Dallas-based privately held real estate investment firm, sold the Alamo Quarry Center medical office building at 250 E. Basse Road in San Antonio to Dallas-based Big Sky Medical, in a transaction brokered by Cushman & Wakefield. The two-story 38,370 square foot building is fully leased.
“This transaction highlights the strength of the Medical Office asset class at a time when many other sectors in the commercial real estate industry are suffering due to the disruptions in the debt markets. We have a great relationship with the buyer, Big Sky Medical, and we worked together to navigate this transaction during a very volatile period in the market,” said Rodrigo Godoi, Managing Director for Mohr Capital.
The sale was part of a temporary shift in strategy to move capital into other development projects. Mohr Capital remains committed to its medical portfolio and will continue to pursue future opportunities in the asset class.
About Mohr Capital
Mohr Capital is a privately held real estate investment firm specializing in the acquisition, development and value exchange of office, industrial and retail assets throughout the U.S. The Mohr Capital team has decades of experience in commercial real estate and has completed more than $1 billion in transactions. Guided by a value-driven strategy and an entrepreneurial spirit, the company relies on strong, long-term relationships and possesses keen market insights needed to capitalize on undervalued and underperforming properties. With its family office structure, Mohr Capital can close quickly and has a proven track record of delivering the highest risk-adjusted returns. To learn more about Mohr Capital, visit: https://www.mohrcap.com