CBRE announces the sale of Sayre Memorial Hospital in Sayre, Oklahoma, which closed operationally in 2016. Healthcare Properties Transaction Group of Oklahoma, LLC purchased the asset for investment purposes from Sayre Memorial Hospital Authority for an undisclosed price with plans to re-open the hospital offering multiple levels of care.
The 54,970-square-foot facility is located at 911 Hospital Drive on the corner of NE Hwy 66 and I-40. The buyer is a partnership of investors with operations in hospitals, skilled nursing and drug rehabilitation facilities.
Daniel Morris, CCIM, with CBRE in Oklahoma City and the team of Allen McMurty with Cushman & Wakefield represented the seller in the transaction.
“This Class A facility offers the new owners a unique opportunity to re-open the hospital with very little capital expenditure on the physical plant,” said Mr. Morris.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.