Healthcare: DaVita Anchored MOB Sells For $3.7M

CH Castor LP purchased the medical office building at 7198 Castor Ave. in Philadelphia, PA from an LP for $3.7 million, or about $167 per square foot.

The 22,139-square-foot building was constructed in 1950 with a complete renovation in 2010. It is in the Northeast Philadelphia submarket and was fully-leased to multiple tenants including DaVita Dialysis at the time of sale.

Matt Gorman and Michael Shover of Marcus & Millichap represented the seller and the buyer.

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