UPMC Orthopedic Center
1160 Manheim Pike, Lancaster, Pennsylvania | $11,550,000
Built in 2017 and backed by nine years of remaining lease term, this 28,000 square foot orthopedic facility offered investors durable healthcare income.
A modern building, specialized use and long-term health system tenancy shaped the investment story at 1160 Manheim Pike. The Class A medical office building was constructed in 2017 and contains approximately 28,000 square feet dedicated to orthopedic care.
UPMC Orthopedics fully occupies the facility and provides diagnostics, treatment and outpatient services from the location. At the time of sale, nine years remained on the lease, giving prospective buyers a durable income stream associated with a nationally recognized health system.
Zeustra represented ownership and positioned the property with healthcare real estate investors across the country. Its medical marketplace and property data allowed buyers to compare the asset with relevant opportunities, understand the Lancaster healthcare market and move efficiently through underwriting. That process also supported the appraisal and financing work required to complete the transaction.
The property sold for $11.55 million. For medical building owners, the closing is a useful example of how real estate quality and lease credit work together. Neither replaces the need for broad, qualified competition, but both become more valuable when the right buyers can see and underwrite the complete story.
Considering a sale of physician-owned or healthcare real estate? Contact Zeustra to discuss valuation, timing and the buyer strategy for your property.
Erik Gainor | CEO | 717-503-6785 | [email protected]
