Total Investment: $18.0 Million
GLA: 57 Thousand SF
Key Tenants / Affiliations:
Insight Imaging and Integrated Dermatology
HTA acquired this 57,000 square foot MOB in July 2019 for approximately $18.0 million. This building is located approximately 5 miles from HTA’s Inova Fair Oaks MOB in the Washington D.C. MSA. This off campus location has superior demographics and is expected to have solid population growth in this key gateway market. The 2019 total population in a 3-mile radius is 104,035 and the median household income for the 3-mile radius is $120,601.
In addition, the asset will be internally managed by HTA’s in-house operating platform, which is expected to generate incremental value to tenants and shareholders.