For Sale: Hillcroft Medical Clinic | Sugar Land, Tx – Offers Due: March 7, 2018

Offers Due: Wednesday, March 7, 2018

BGL Real Estate Partners has been retained by ownership to offer qualified investors the exceptional opportunity to acquire the Hillcroft Medical Clinic (the “Property” or “Building”). The Property, totaling approximately 40,531 rentable square feet, is located in Sugar Land, Texas, one of the most affluent and fastest growing cities in Texas. The Property is highly visible and strategically located adjacent to 87-bed CHI St. Luke’s Health Sugar Land Hospital, Memorial Hermann Surgical Hospital – First Colony, and Houston Methodist Sugar Land Hospital, providing convenient access for patients and physicians alike, as well as a dependable referral network.

The Property is approximately 85% occupied by Hillcroft Medical Clinic (HMC), a large multi-specialty practice that is comprised of twenty-eight (28) physicians covering fifteen (15) specialties.  HMC was established in 1948 and offers Family Medicine, General Surgery, Internal Medicine, Cardiology, Endocrinology, Gastroenterology, OB/GYN, Neurology, Occupational Medicine, Rheumatology, Urology, Sports Medicine, and ENT.  HMC offers a variety of on-site services for patient convenience including state-of-the-art ACR-accredited radiology center, complete laboratory services, sleep center, and occupational health services which include travel immunizations and workman’s compensation.  Other specialties offered in the Building include pediatrics and adult family medicine, ophthalmology, and pharmacy.

HMC’s radiology center is ACR-accredited and is one of the most comprehensive facilities in the Houston area. At the subject Property, HMC offers X-rays, diagnostic ultrasounds,  CT scans, bone density scans to screen for osteoporosis, vascular studies to screen for peripheral artery disease, and nuclear medicine imaging including cardiac stress tests. HMC’s radiology services are supervised by board-certified radiologists who review each study personally and provide fast, accurate reports to all of their physicians to ensure that patients get their results and diagnoses quickly and accurately.  HMC offers MRI at their Houston office.

INVESTMENT HIGHLIGHTS

Premier Facility: Hillcroft Medical Clinic  (HMC) is a 40,531 SF comprehensive multi-specialty building that was completed in 2007.  HMC, a long standing practice comprised of 28 physicians, anchors the Building with 85% occupancy.

Leading Practice: In addition to Family Medicine and General Surgery, Hillcroft Medical Clinic offers specialties such as Internal Medicine, Cardiology, Endocrinology, Gastroenterology, Gynecology & Obstetrics, Neurology, Occupational Medicine, Rheumatology, Urology, Sports Medicine, and ENT.

Fuly-Intergrated Care Center: Hillcroft Medical Clinic offers a variety of on-site services including a state-of-the-art ACR-accredited radiology center, complete laboratory services, a sleep center, and occupational health services which include travel immunizations and workman’s compensation.

Strong Practice Financials:  Hillcroft Medical Clinic is very sound financially having generated over $35 million in net revenue in 2017, a sharp increase from the $34M and $31M in revenue generated in 2016 and 2015, respectively. HMC’s strong financial performance translated to a greater than 10X EBITDAR/Rent Coverage Ratio for 2015, 2016, and 2017.

Strategic Location: The Property is well located in Sugar Land with convenient access to CHI St. Luke’s Health Sugar Land Hospital, Memorial Hermann Surgical Hospital First Colon, and Houston Methodist Sugar Land Hospital.

Acr-Accredited Radiology Center: At the subject Property, HMC offers comprehensive imaging services which includes the following:  CT Scan, nuclear medicine imaging, cardiac stress tests, X-ray, ultrasound, bone density scans, and vascular studies.  HMC offers MRI at their Houston location.

Top 100 Msa:  Nearly 228,867 people, or 11.6% of the population, that live within a 5-mile radius of the Property are aged 65 and older.

Offers Due:  Wednesday, March 7, 2018

Submit questions and offers to: Clinton J. Parker  |  cparker@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
BGL Real Estate Partners
480.433.3494 | cstai@bglco.com

Clinton J. Parker | Managing Director | BGL Real Estate Partners
210.352.5832 | cparker@bglco.com

Andrew R. Larwood | Director |BGL Real Estate Partners
312.658.4756 | alarwood@bglco.com

Allen C. Inman | Director | BGL Real Estate Partners
312.658.4754 | ainman@bglco.com

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