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8/02/23
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An affiliate of Heitman LLC has acquired Mountain Point Medical Center, a 60k sf, Class A medical office building in Lehi, UT, in the Salt Lake City metropolitan area. The asset was sold by an affiliate of The Inland Real Estate Group of Companies Inc.
Mountain Point Medical Center is a three-story outpatient medical building that is connected to the newly renamed, 40-bed Holy Cross Hospital – Mountain Point, part of Centura Health. The building is 100% leased by Centura Health through its recent acquisition of Steward Health Care’s ownership interest in its Utah healthcare operations. Mountain Point Medical Center is occupied by high value medical specialists such as orthopedics, general surgery, radiology, women’s health and ENT.
The building is in the high growth area of Salt Lake, 25 miles south of downtown Salt Lake City, directly along Interstate 15 at the interchange with Utah State Road 92. Lehi has undergone exceptional growth, including young growing families seeking desirable suburbs with good access to employment throughout the Salt Lake City area. The building is surrounded by commercial office buildings and retail and commercial amenities.
Mindy Berman, Matt DiCesare, Vasili Davos, Phil Brierley and Cole Macadaeg with JLL Capital Markets represented the seller in the deal.
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