Missoula medical office investment property just sold! Sterling Commercial Real Estate Advisors represented the owners of 2819 Great Northern Loop, Suite 200 in the disposition of their asset to a local investor. The condo is occupied by Providence Health on a recently renewed lease.
Find listings like this one here. Missoula medical office investment properties available.
This is Sterling CRE’s 8th condo sale in this complex.
CBRE notes that, “Demographic and health-care industry trends are firmly entrenched and forecast to persist, supporting long-term demand for medical office space. The U.S. medical office vacancy rate remained at 10.3% through midyear 2019—its lowest level of the expansion—and average asking rents stayed near record levels.”
And what’s to come in the wake of COVID-19? The Commercial Property Executive expects a quick rebound. “The combination of an aging population, expanded medical insurance coverage and new treatment options equate to a growing demand for health care and the medical offices that come with it. Once the economy begins to return to normal, the backlog of work due to closed offices and rescheduled or canceled appointments will likely bring a sudden influx of work for medical-office staff,” they say.