Inland Buys Salt Lake City MOB

By Alex Ciorogar

The Eye Institute of Utah

Inland Real Estate Acquisitions LLC has acquired a 29,702-square-foot medical office building in Salt Lake City.

Constructed in 2015, the two-story property located at 755 East 3900 South includes The Eye Institute of Utah—which features more than 20 consultation rooms, administrative office spaces and a LASIK and Vision Specialty Center—and The SurgiCare Center of Utah which performs a variety of advanced procedures. The center includes four surgical rooms, a large waiting room, a patient surgical viewing area and several recovery rooms.

Inland Real Estate Acquisitions LLC Senior Vice President Matthew Tice and Assistant Vice President David Neboyskey arranged the deal on behalf of an Inland affiliate.

“Located in the heart of the Salt Lake Valley, the property’s ideal location off Interstate 80 and Interstate 15 near St. Marks Hospital provides nearly 358,000 people within a five-mile radius with convenient access to meet their health-care and medical needs,” said Tice in prepared remarks. “The newly constructed facility, along with its cutting edge medical technology and professionals, made the Eye Care Institute of Utah the type of attractive acquisition we continue to seek out in this asset class.”

In a recent deal, Inland Real Estate Acquisitions LLC arranged the purchase of the Edward-Elmhurst Health Center, a 13,000-square-foot medical office building located approximately 20 miles west of Chicago. 

Photo via Google Street View