For Sale: Heritage Park Surgical Hospital

Brown Gibbons Lang & Company Real Estate Partners is pleased to exclusively offer Heritage Park Surgical Hospital and Visionary Medical Imaging for purchase. The Hospital and Imaging Center, totaling 65,631 rentable square feet, are located in Sherman, TX, which is approximately 65 miles northeast of Dallas.

Investment Highlights

  • Year-1 NOI of $2,297,085 with annual fixed rent escalations
  • 15-year absolute-net lease
  • No loan to be assumed
  • 2013 EBITDAR Rent Coverage Ratio of 4.20x
  • Approximately 15,000 surgical procedures performed in 2013 by 86 admitting physicians
  • 40 physician-owners in the practice provides strong physician alignment
  • State-of-the-art facility; built in 2005 as a build-to-suit and expanded in 2010

For more information, visit the listing website.

Call for offers date is Tuesday, June 24th at 5:00pm PST.

Contact Information

Christopher L. Stai, CPA

Managing Director

Brown Gibbons Lang Real Estate Partners

Telephone: 949.476.3661, 480.433.3494

CA RE Broker LIC # 01836740

Clinton J. Parker

Managing Director

Brown Gibbons Lang Real Estate Partners

Telephone: 210.352.5832, 210.410.9639

Fax: 210.354.7458

TX RE Broker LIC # 528946

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