Richmond, VA – October 22, 2020 – Colliers International is pleased to announce the sale of Richmond Medical Park, located at 2000-2010 Bremo Road, Richmond, Virginia. The campus was acquired by Maryland based Feldman Bergin Properties.
The 5-building medical office campus totals 105,741 square feet and is 92% leased to a diverse medical tenancy to include Dominion Eye Associates, Cataract & Refractive Surgery Center, Dignitas Health, Insight Physicians among other top tier, specialty medical practices. Richmond Medical Park is highly accessible to the entire Richmond MSA and strategically located between two flagship hospitals, St. Mary’s and Henrico Doctor’s, providing a ground zero location for a wide range of medical users.
“Richmond Medical Park provided a truly unique opportunity to acquire the only true, consolidated class B medical office density in the Northwest Quadrant. The assets provide known cash flow stability going in with a clear path to income growth captured through the immediate rent growth opportunity” said Mark Williford, Vice President at Colliers. “The COVID resiliency and continued leasing activity at the campus through the pandemic further speaks to the strength of Richmond’s medical market overall, which continues to stay in high demand from both medical users and sophisticated investors.”
Will Bradley, Executive Vice President and Mark Williford, Vice President, represented the Seller, The Premier Companies.
Colliers Virginia has offices in Charlottesville, Fredericksburg, Richmond, and Norfolk. To learn more about Colliers or to view other investment sales opportunities, please visit: www.colliers.com/richmond