Brown Gibbons Lang & Company | Real Estate Partners has been retained by ownership to offer qualified investors the exceptional opportunity to acquire Alpine Orthopaedic Medical Group, Inc. & Spine Center and the Ambulatory Surgical Center of Stockton (the “Properties” or “Buildings”). The Properties, totaling approximately 47,770 rentable square feet, are located in Stockton, California, which is approximately 65 miles east of San Francisco. The location of the Properties provide exceptional patient access and convenience as they are highly visible and easily accessible from North California Street and are located less than 0.5 miles from St. Joseph’s Medical Center (the “Hospital”), a member of Dignity Health (Moody’s rated ‘A3’).
The Ambulatory Surgery Center of Stockton is managed by a well-established practice group that is in partnership with USPI and St. Joseph’s – Dignity Health, providing consistent patient volume and increased profitability (49% is owned by the physicians and 51% is owned by USPI / St. Joseph’s – Dignity Health). Eighteen (18) best-in-class multi-specialty physicians perform various surgical specialties within the surgery center with a concentration in orthopaedic and spine procedures. In addition, the physicians of Alpine Orthopaedics have admitting privileges at the Hospital, which creates a strong inpatient and outpatient referral network for their practice and the surgery center.
Alpine Orthopaedic Medical Group, Inc., & Spine Center is committed to providing the highest quality orthopaedic care possible. Along with state-of-the-art treatment of immediate or chronic problems, Alpine Orthopaedic Medical Group, Inc., & Spine Center strives to integrate the doctrine of prevention in all their treatment plans as a way to alleviate possible future difficulties.
The investment has a Year-1 Net Operating Income of $1,221,108 with fixed annual rental escalations of 2.5%. This is a unique opportunity to acquire a single-tenant portfolio with long term triple-net leases, anchored by an established and prominent orthopedic practice that has been providing comprehensive care to Stockton and surrounding communities for over 30 years.
Opportunity Highlights
- The Properties were designed and built to be efficient and functional clinical facilities.
- 100% occupied with a combined Year-1 NOI of $1,221,108 and annual fixed rental escalations of 2.5% over the 12-year lease term.
- Eighteen (18) best-in-class multi-specialty physicians perform various surgical specialties with a concentration in orthopaedic and spine procedures.
- The Ambulatory Surgery Center of Stockton is managed by a well-established practice group that is in partnership with USPI and St. Joseph’s – Dignity Health, providing consistent patient volume and increased profitability.
- The Properties are adjacent to one another and are well-located less than 0.5 miles from St. Joseph’s Medical Center, a member of Dignity Health (Moody’s rated ‘A3’).
Call for Offers Date: Wednesday, October 21st, 2015
Submit Offers to: Christopher Stai | cstai@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
Clinton J. Parker
Managing Director
Brown Gibbons Lang | Real Estate Partners
Direct: 210.352.5832 | cparker@bglco.com
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