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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