CBRE Brokers $8.1M Sale of Medical Office Building Near Philadelphia

PHOENIXVILLE, PA. — CBRE has brokered the $8.1 million sale of Phoenixville Medical Office Building I, a 62,175-square-foot medical office building in Phoenixville. Located at 824 N. Main St., the three-story property was built in 1991 and is currently 90 percent leased. The tenant roster includes Phoenixville Hospital, Clinical Care Associates and Tri-County Urologic. Phoenixville is approximately 27 miles northeast of Philadelphia. Peter Stevens of CBRE represented the seller, Phoenixville Medical Building Associates, in the transaction. The property was sold subject to a ground lease.