The Offering
CBRE’s U.S. Healthcare Capital Markets Group is pleased to exclusively offer the Outpatient Imaging Affiliates Portfolio for purchase. The portfolio consists of four (4) Class A imaging facilities located in Tennessee, North Carolina, and Alabama. The single tenant buildings are 100% leased to Outpatient Imaging Affiliates (OIA), a radiology imaging center operator of twenty eight (28) full service imaging centers in strong growth areas of the United States.
OIA is the 9th largest non-hospital based imaging center operator in the nation and has been expanding rapidly through a combination of solely owned and joint venture operations with major health systems to provide patients the most advanced imaging services available, including magnetic resonance imaging (MRI), computerized tomography (CT), ultrasound, 3D and digital mammography and X-ray. OIA is financially strong with annual revenue under management of $112 million and over 360 full-time employees. All four (4) facilities will be leased with new twelve (12) year leases that will commence upon closing and corporately guaranteed by Outpatient Imaging Affiliates, LLC, providing steady long term cash flow for an investor.
Offering Information
- Offering Price: $9,590,000
- Portfolio Size: 51,621 SF
- Occupancy: 100%
- Cap Rate: 7.0%
- NOI: $671,189
Investment Highlights
- Stable Cash Flow
- Strong Tenancy with Corporate Guarantee
- Strategic Locations
- Capital Investment by Tenant
- High Demand for Radiology Services
- Appealing Aging Trends
- Certificate of Need Protected Market Share
- Delivered Free and Clear of Existing Debt
For More Information:
CBRE Investment Contacts
Morgan Hillenmeyer
CBRE Investment Properties – Tennessee Healthcare
+1 615 248 5930
morgan.hillenmeyer@cbre.com
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
Bill McKnight
CBRE Debt & Structured Finance
+1 615 248 5941
bill.mcknight@cbre.com
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