Copper Peak Medical Building
HREA | Healthcare Real Estate Advisors is pleased to announce the real estate sale of Copper Peak Medical Building located in American Fork, UT.
Copper Peak Medical Building is a multi-tenant medical building that was built in 2004 adjacent to the affiliated American Fork Hospital, a 90-bed community hospital that is owned and operated by Intermountain Healthcare (Fitch rated ‘AA-‘).
Located approximately 32 miles south of Salt Lake City and 13 miles north of Provo, the building consists of approximately 34,198 SF and is 100% occupied by leading healthcare providers and specialists, including OB/GYN, family practice, internal medicine, pediatric medicine, urology, and renal care.
Intermountain Healthcare is the largest tenant, and home to its OBGYN practice, providing convenience for healthcare providers and expecting mothers that are delivering at the adjacent American Fork Hospital. The remaining tenants include Utah Valley Pediatrics, with 9 locations in the region, and Granger Medical Clinic, one of Utah’s largest physician-owned medical groups with 28 locations spanning four counties.
Copper Peak Medical Building is situated near a strong and growing population base with an estimated population of 680,380 in Utah County, growing 31% from 2010 to 2021. Utah County is the anchor to the Provo-Orem, UT MSA and is the second largest county in the state.
Representative Transactions
HREA | Healthcare Real Estate Advisors is pleased to announce the real estate sale of a medical office building located in Chesapeake, VA. The property was extensively remodeled in 2018 and is located adjacent to the 310-bed Chesapeake Regional Medical Center.