MDL Group/CORFAC International announced today that the firm has facilitated the ground up development of a 57,000-square-foot medical office facility in the growing town of Pahrump, Nevada, which is located 60 miles west of Las Vegas. DaVita | HealthCare Partners (www.davitahealthcarepartners.com) will occupy and operate the facility when it opens next year.
Hayim Mizrachi, CCIM, Jarrad Katz, SIOR, CCIM, and Galit Kimerling of MDL Group facilitated the transaction between the land owner, developer and tenant.
Thousandaire Inc. contributed the 7.26 acre land site to the development for approximately $885,000. Dakem & Associates (www.dakemllc.com) was selected through a competitive bid process as the developer and to build the new facility for DaVita | HealthCare Partners. Dakem is a preferred developer for DaVita having delivered dozens of facilities in Southern Nevada over the last 16 years. DaVita executed a long-term lease with the property owner. Terms of the lease could not be disclosed except that the deal was valued in the tens of millions of dollars. The development was funded by Aimee Burford and Bill Oakley, Vice President and Senior Vice President of Real Estate respectively, with Bank of Nevada, a division of the Western Alliance Bank.
“Southern Nevada continues to grow and we are pleased to have the resources to serve the region with comprehensive commercial real estate services. We are particularly proud to be able to work with Dakem and HealthCare Partners in delivering a state of the art healthcare facility to neighboring Pahrump,” said Hayim Mizrachi.
According to U.S. Census data, Pahrump’s population has increased 47.9 percent since 2000. The most recent population survey was in 2010 when the town had 36,441 people. It has grown every year since then, Mizrachi said.
