For Sale: 28,000 SF Single-Tenant ASC and Medical Office Building – Fresno, CA

Brown Gibbons Lang & Company | Real Estate Partners has been retained by ownership to offer qualified investors the exceptional opportunity to acquire the medical office building and outpatient surgery center that is physician-owned and operated by Urology Associates of Central California (the “Property” or “Building”). The Property, located in Fresno, California, was specifically built for Urology Associates of Central California (“UACC”) and consists of approximately 28,074 rentable square feet. Conveniently located in an established medical corridor with high visibility along East Herndon Avenue, the Property also benefits from its proximity to six (6) affiliated hospitals, including St. Agnes Medical Center, a 436-bed short term acute-care hospital that serves the Fresno metropolitan area. St. Agnes Medical Center is located approximately 1.5 miles west of the Property and is one of six (6) area hospitals where the physicians of UACC have admitting privileges.

The Property is 100% occupied by Urology Associates of Central California, which is the largest urology group in the Central Valley with eight (8) board certified urologists that provide the highest level of comprehensive urological care to Fresno and surrounding areas. The integrated Building features a medical office component, consisting of approximately 21,124 square feet, and an ambulatory surgery center (ASC), consisting of approximately 6,950 square feet. The ASC is comprised of three (3) ORs, three (3) pre-operative holding areas, and three (3) PACU bays and is accredited by the AAAHC with its highest honor of a 3-year accreditation.. The Building also features a 46 Kilowatt solar panel system that was installed on the roof in 2009.

UACC will enter into a new 12-year triple-net lease at closing which will have 2% annual fixed increases, generating an initial Net Operating Income of $673,776. This is a unique opportunity to acquire a single-tenant facility that is occupied by one of the leading urology groups in Central California.

Investment Highlights

  • State-of-the-art accredited ambulatory surgery center and medical office building leased to the largest independent urology practice in the Central Valley
  • 12-year, triple-net lease with 2% annual escalations generating an initial NOI of $673,776
  • Strategically located in a strong medical corridor within 1.5 miles of Saint Agnes Medical Center and in proximity to five (5) other hospitals where the UACC physicians have admitting privileges
  • UACC is comprised of eight (8) full-time board certified urologists, two (2) full-time physicians assistants, and an extensive staff
  • UACC offers a full x-ray department including an 8 slice CT scanner, full service lab, bone densitometry department, and the only Stortz Lithotriptor in the Central Valley

Call for Offers Date: March 21, 2017

Submit questions and offers to: Allen Inman | ainman@bglco.com

View the Executive Summary for more information.

Bypass the online summary and directly execute the Confidentiality Agreement

Christopher L. Stai, CPA | Managing Director
BROWN GIBBONS LANG | Real Estate Partners
Direct: 949.936.2665 | cstai@bglco.com
Licensed CA Real Estate Broker

Clinton J. Parker | Managing Director
BROWN GIBBONS LANG | Real Estate Partners
Direct: 210.352.5832 | cparker@bglco.com

Andrew R. Larwood | Director
BROWN GIBBONS LANG | Real Estate Partners
Direct: 312.658.4756 | alarwood@bglco.com

Allen C. Inman | Director
BROWN GIBBONS LANG | Real Estate Partners
Direct: 312.658.4754 | ainman@bglco.com

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