The Offering
Offering Price: Best Offer
Building sizes: 154,282 SF Inpatient Hospital / 79,964 SF Medical Office Building
Year Built: 2014
Occupancy: 0% Hospital / 4% MOB
CBRE’s Texas Investment Sales Group and CBRE’s U.S. Healthcare Capital Markets Group are pleased to exclusively offer the Forest Park Medical Center – San Antonio for purchase. Built in 2014 on 8.33 acres within the vibrant Interstate-10 West corridor, the campus design emulates the best of the hospitality industry, appealing to the senses through special attention to aesthetics, sounds, smells, colors and material textures. The 154,282 square foot hospital boasts 54 private inpatient suites with 16 VIP/family suites, twelve state-of-the-art operating rooms, two procedure rooms, six intensive care rooms and a cardiac catheterization lab. The private hospital was home to some of the top surgeons in the region specializing in cardiology, bariatric surgery, ear/nose/throat (ENT), orthopedic surgery, pain management, general surgery, plastic surgery, gastroenterology, gynecology, spinal surgery, and urology.
The campus includes a four-story, 79,964 square foot on-campus medical office building (MOB) that was completed in November 2014 along with the adjacent 474-space parking garage.
Forest Park Medical Center San Antonio is a physician majority-owned and governed hospital focused on providing the highest quality care with the latest technology in the most pleasing environment. FPMC San Antonio Realty Partners LP, the property’s real estate ownership entity, filed for Chapter 11 bankruptcy protection in October 2015. Forest Park Medical Center at San Antonio, LLC, the hospital’s operator, ceased business operations in October 2015 as well. The hospital license has been temporarily suspended by the state. Acquisition of the existing on-site furniture and equipment is negotiable as part of the sale.
An investor may have the benefit of a future referral base with over 110 existing physician partners and over 450 physicians with staff privileges.
Investment Highlights
- New Trophy-Quality, Best-in-Class Hospital Campus
- Unmatched Visibility and Access in Midst of Highly Affluent, High-Growth Suburban Location
- Unique Opportunity to Provide Hospital Operator in Conjunction with the Real Estate Transaction
- Well-Positioned Geographically and Demographically Among Existing Full-Service Acute Care Hospitals
- Vibrant and Diversified Economy in High-Growth City
- Preferred Asset Class Under the Affordable Care Act
- Appealing Aging Trends
Exclusive Marketing Advisors
Scott Herbold
CBRE Investment Properties – Texas Healthcare
+1 210 507 1120
scott.herbold@cbre.com
Chris Bodnar
CBRE U.S. Healthcare Capital Markets
+1 303 628 1711
chris.bodnar@cbre.com
Lee Asher
CBRE U.S. Healthcare Capital Markets
+1 404 504 5965
lee.asher@cbre.com
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