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For Sale: 100% Leased, On-Campus Medical Office Investment Opportunity

Leased, On-Campus Medical Office

The Offering

  • Offering Price: Best Offer
  • Building Size: 31,822 RSF
  • Year of Completion: 1999
  • Percentage Leased: 100%
  • Lease Expiration: December 31, 2019
  • In-Place NOI: $445,114

CBRE’s U.S. Healthcare Capital Markets Group is pleased to exclusively offer the opportunity to acquire the CHI – Stewart Parkway Medical Building (“Stewart Parkway Medical Building” or “the Property”). The Property is 100% leased by CHI Mercy Medical Center (“Mercy Medical Center” or “Mercy”), a subsidiary of Catholic Health Initiatives (“CHI”), through December, 2019 on a triple-net (NNN) basis. CHI is one of the largest non-profit health systems in the United States with over $23 billion in assets and currently maintains ‘A1’ and ‘A+’ investment grade credit ratings from Moody’s and Fitch Ratings, respectively. The Stewart Parkway Medical Building is located on the Mercy Medical Center campus. Mercy currently maintains several specialty care medical services at the Property, including pediatrics, pulmonary and sleeps specialists, obstetrics and gynecology, and the Umpqua Community College nursing simulation lab.

Roseburg, Oregon is located in the Umpqua River Valley in Southern Oregon and is the county seat and most populous city of Douglas County. With 1,139 employees, Mercy Medical Center is the second largest employer in Roseburg.

Investment Highlights

  • 100% Leased to Investment Grade Health System
  • Triple-Net (NNN) Single Tenant Lease
  • Attractive On-Campus Location
  • Diverse Tenant Outpatient Services
  • Appealing Aging Trends
  • “Recession Resistant” Property Category
  • Delivered Free and Clear of Existing Debt

CBRE U.S. Healthcare Capital Markets Group
Lee Asher
+1 404 504 5965

Chris Bodnar
+1 303 628 1711

CBRE Local Market Expert
Ted Nicholson
+1 541 620 2319

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