Photo courtesy of Newmark Knight Frank

A Peabody distribution center that serves hospitals and medical clinics has been acquired by Boston private equity firm Longpoint Realty Partners for $36.5 million.

The 217,592-square-foot distribution facility at 11 Centennial Drive is fully leased to wholesaler Cardinal Health to serve the area’s health care industry.

Newmark Knight Frank’s capital markets team represented the seller, Daly-Peabody LLC, and procured the buyer.

“The Interstate 95/Route 128 corridor is undergoing exceptional growth as a premier alternative for industrial and life science users that are increasingly being displaced from Greater Boston’s urban core by its skyrocketing rental rates and decreasing supply,” Newmark Executive Managing Director Tony Coskren said in a statement.

Headquartered in Boston, Longpoint specializes in acquisitions of warehouses and neighborhood shopping centers.