For Sale: Wesley Woodlawn Hospital & ER – Wichita, Kansas

CBRE Wesley Woodlawn Hospital & ER

The Offering

Offering Price Best Offer
Building Size 132,100 SF
Land Size 12.7 Acres
Year Built 1973 – Total Renovation and Addition 1999-2006
Percentage Leased 100%
In-Place NOI $3,173,585

​CBRE’s U.S. Healthcare Capital Markets Group is pleased to offer the exclusive opportunity to acquire the Wesley Woodlawn Hospital & ER (the “Property”), a 132,100 square foot facility anchored by Wesley Healthcare which is owned by Hospital Corporation of America (NYSE: HCA), a Standard & Poor’s 500 (‘S&P 500’) company and one of the largest for-profit healthcare providers in the world. The 99-bed hospital offers world -class medical care for patients needing expert cardiac care, surgical care and emergency services. The hospital was originally founded by Dr. Joseph Galichia, one of the pioneering cardiologists who brought the balloon angioplasty technique for treating heart and vascular disease to the United States. In 2012, HCA and Wesley Healthcare acquired the hospital from Dr. Galichia who continues to work with the hospital with his on-site clinical operations – the Galichia Medical Group (GMED).

Wesley Healthcare has over 11-years of term remaining on their lease for 84% of the square footage, while the Galichia Medical Group will lease-back the remaining portion of the building for a conterminous period, backed by a personal guarantee or letter of credit.

Investment Highlights

  • Nationally Acclaimed Hospital
  • 100% Leased Through 2027
  • Strong Tenant Financial Performance
  • Absolute NNN Lease
  • Significant Capital Investment by Tenants
  • Appealing Demographic Trends
  • Delivered Free and Clear of Any Debt

Executive Summary

Confidentiality Agreement

Contact Information

CBRE U.S. Healthcare Capital Markets Group

Chris Bodnar
Executive Vice President
+1 303 628 1711
chris.bodnar@cbre.com

Lee Asher
Executive Vice President
+1 404 504 5965
lee.asher@cbre.com

Kansas Broker of Record

Gina Anderson
+1 816 968 5834
KS Lic No. BR00051444
gina.anderson@cbre.com

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