CBRE U.S. Healthcare Capital Markets is pleased to exclusively offer the opportunity to acquire Pentagon Medical Building (the “Property”) in Columbus, Ohio. The Property is strategically located within the Columbus East medical corridor and less than one mile from the 400-bed Mount Carmel East Hospital campus, a full-service, acute care hospital with a Level II Trauma Center.

The 62,877-square-foot, three-story medical building was constructed in 2005 and has been renovated between 2019-2021. The building is currently 82% leased with 4.0 years of WALT and features a 3-OR ambulatory surgery center and an on-site laboratory operated by Quest Diagnostics (Moody’s: Baa2). Centricity Research anchors the building leasing 34% of the rentable area and is North America’s largest fully centralized Integrated Research Organization (IRO) specializing in Phase I-IV clinical trials in over 35 therapeutic areas: inpatient and outpatient (infectious diseases, neurology, endocrinology, oncology, cardiology, dermatology, women’s health, and more), pharmaceutical and biotechnology (vaccines and more), and medical device trials. Revolutionizing clinical research, Centricity has grown to be the largest research clinic with over 40 sites, 155+ active investigators, and a patient base of over 8.6 million. Additional specialties provided at the Property include gastroenterology, OB/GYN, sleep specialists, and primary care.

The Property is highly accessible, only minutes away from the high-traffic interchange of Interstate 270 (I-270) and East Broad Street. I-270, also known as the “Outerbelt” or “Jack Nicklaus Freeway,” is the beltway loop freeway surrounding Columbus and provides direct access to the entire metropolitan area, in which more than 200,000 cars pass the interchange on any given day.