EL DORADO HILLS, CA—Developers continue to heed the call for for medical office facilities in the Sacramento metro. In that vein, construction is underway on a new ground-up medical office building at 8105 Saratoga Way, according to TRI Commercial Real Estate's The Osborne Group. The mostly speculative class-A development is owned by a medical group through KFG & FOUR Cs LLC.
The new build demonstrates the strength and stability of the medical office sector in Sacramento as well as ongoing opportunity within the sector, according to Robb Osborne, principal at TRI Commercial and The Osborne Group, which is representing the property for lease.
"While the pandemic has challenged and will continue to challenge many asset classes within the commercial real estate industry, medical office is well positioned for growth," says Osborne. "Maintaining health and wellness has clearly become a focal point for people. With the imminent release of a viable and safe COVID-19 vaccine, and research showing that medical office investments are highly favored for their long-term leases, stable occupancy and income, and tenant credit quality, we anticipate this sector to continue to prosper."
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
