April 23, 2019

BGL Announces the Real Estate Sale of Bakersfield Heart Hospital

Chicago, IL/Cleveland, OH – April 23, 2019 – Brown Gibbons Lang & Company (BGL) is pleased to announce the real estate sale of Bakersfield Heart Hospital (BHH), an award-winning hospital located in Bakersfield, California. BGL’s Healthcare Investment Sales team served as the exclusive advisor to the seller in the transaction. The Sanders Trust, a Birmingham-based healthcare real estate and development firm, acquired the real estate.  BHH will continue to operate under its current ownership and management team.

BHH is 100% leased and is approximately 85,971 rentable square feet. The hospital is supported by two affiliated medical office buildings consisting of approximately 36,000 square feet and 30,000 square feet, respectively, which provide a campus-like setting and convenience for patients and healthcare providers alike. The property is well-located in Bakersfield, with prominent visibility and is easily accessible from the intersection of Highway 99 and Highway 178; additionally, BHH is within the Bakersfield Metropolitan Statistical Area (MSA), which is ranked as the 62nd largest MSA in the United States.