Healthcare real estate company sells medical office building with surgery center — 4 insights

Odyssey Real Estate Capital recently sold Parkway Medical Plaza in Las Vegas to an unspecified buyer, Nevada Business reports.

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Here’s what you should know:

1. Odyssey purchased the 90,000-square-foot property in 2013, renovating the building’s lobby and painting its exterior.

2. During its tenure, Odyssey increased occupancy by 30 percent. The building currently houses a surgery center with imaging services and lab space.

3. Odyssey Real Estate Partner Dave Sundaram said, “This asset is in the bullseye for the [real estate investment trusts] and investment funds that are targeting well located off-campus medical office buildings with surgery centers, diagnostic imaging and primary care.”

4. Odyssey owns and operates 27 commercial products in Las Vegas and in Kansas City, Mo.

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