Southcoast Health MOB
HREA | Healthcare Real Estate Advisors is pleased to announce the real estate sale of a campus-adjacent medical office building located in Fall River, MA.
Southcoast Health MOB is a multi-tenant medical office building located in Fall River, Massachusetts, approximately 18 miles southeast of Providence, RI. The property was extensively remodeled in 2017 and 2021 and is anchored by Southcoast Hospital Group, a wholly owned subsidiary of Southcoast Health, a not-for-profit, community-based health system with multiple access points, offering an integrated continuum of health services throughout southeastern Massachusetts and Rhode Island.
The building is conveniently located adjacent to the 325-bed Charlton Memorial Hospital, which is a part of the Southcoast Health network. Southcoast Hospital Group, occupying 92% of the building, offers a wide range of services, including physical therapy, ophthalmology, neurology, women’s health, imaging, endocrinology, and laboratory services. This location also qualifies as a Hospital Outpatient Department for Charlton Memorial Hospital.
Southcoast Health includes three hospitals — Charlton Memorial Hospital in Fall River (adjacent to the property), St. Luke’s Hospital in New Bedford, and Tobey Hospital in Wareham. These hospitals merged in 1996 to form Southcoast Hospitals Group and operate under a single hospital license, with a total of 815 beds.
In addition to its hospitals and a physician network of more than 450 providers, Southcoast has more than 55 service locations across the South Coast of Massachusetts and Rhode Island. This includes more than 40 physician practices, as well as urgent care centers, a Visiting Nurse Association, the Southcoast Health Cancer Centers, outpatient surgery centers, and numerous ancillary facilities. Southcoast serves more than 719,000 residents in 33 communities, covering more than 900 square miles.
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.