PREMIER MEDICAL CENTER LEASED BY AN INVESTMENT GRADE HEALTH SYSTEM
OFFERS REQUESTED BY SEPTEMBER 17TH AT 5:00 PM EDT
CBRE’s Healthcare Capital Markets Group is proud to exclusively offer the Stanly Regional West Medical Center (“the Property”) in Locust, North Carolina for purchase. Built in 2008, the Stanly Regional West Medical Center is a 20,946 square foot outpatient facility that is 100% leased by Stanly Regional Medical Center through May, 2021. The building is utilized by West Stanly Imaging, a digital imaging center performing x-ray, ultrasound and digital mammography services. The facility is also home to Locust Medical Services, a family medicine practice, as well as an urgent care facility. The tenants are subsidiaries of Stanly Regional Medical Center. The Property sits on a 4.9-acre site, Phase I of a planned 24-acre medical campus owned by Stanly Regional Medical Center.
Stanly Regional Medical Center and Carolinas HealthCare System (CHS) have a long-standing relationship to provide healthcare in Stanly and Montgomery counties. Last summer, CHS announced they would purchase Stanly Health Services and invest $70 million over 12 years to improve patient services and facilities within Stanly Health Services. When the acquisition is complete, Stanly Regional Medical Center will be owned by Carolinas HealthCare System, one of the nation’s leading healthcare organizations that provides a full spectrum of healthcare and wellness programs throughout North and South Carolina. Moody’s has assigned Carolinas HealthCare System an ‘Aa3’ rating as a result of the health system’s large scale through ownership of multiple hospitals, outpatient centers, physician practices and management relationships.
Strategically located just off North Carolina Highway 24/27, Stanly Regional West Medical Center benefits from excellent visibility from Highway 24/27 and quick access to Interstate 485 as well as its proximity to the city of Charlotte, about a 30-minute drive away. In addition, the Property is 18.2 miles from Stanly Regional Medical Center and 40.2 miles from Charlotte Douglas International Airport.
Investment Highlights
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Long-Term Stable Cash Flow
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Investment Grade Credit Tenancy
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State-of-the-Art Medical Facility
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Strategically Located Property
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CON Protections in North Carolina
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Appealing Senior Demographic Trends
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Increased Demand for Outpatient Facilities
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“Recession Resistant” Property Category
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Offered Free and Clear of Debt
OFFERING INFORMATION
OFFERING PRICE:
Best Offer
BUILDING SIZE:
20,946 SF
OCCUPANCY:
100%
LEASE EXPIRATION:
May 2021
YEAR BUILT: 2008
IN-PLACE NOI:
$441,937
CBRE INVESTMENT CONTACTS
Lee Asher
CBRE U.S. Healthcare Capital Markets
+1 404 504 5965
lee.asher@cbre.com
Chris Bodnar
CBRE U.S. Healthcare Capital Markets
+1 303 628 1711
chris.bodnar@cbre.com
Frank Larsen
CBRE Charlotte Brokerage
+1 704 517 5749
frank.larsen@cbre.com
Greg Greene
CBRE Debt & Structured Finance
+1 214 949 5617
greg.greene@cbre.com
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