Wednesday, January 6, 2016

40-Bed Rehabilitation Hospital Sells for nearly $24 Million in Surprise

Image from prior to completed construction

An entity tracing to CNL Financial Group has purchased the 40-bed Cobalt Rehabilitation Hospital at the northeast corner of Dysart and Bell Roads in Surprise. Cobalt Medical Development sold the asset in a cash-only transaction for $23.66 million or $591,500 per bed.

This facility totals just under 55,000 square feet in one two-story building built in 2015. It features a dedicated traumatic brain injury and concussion unit of 12 beds, private patient rooms with living room, inpatient & outpatient services, and upscale hotel-like amenities.

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