The Offering
- Offering Price: $20,250,000
- Price Per SF: $322
- In-Place Cap Rate: 6.50%
- Building Size: 62,857 USF
- Land Size: 4.93 Acres
- Year Built: 1997, Renovated 2008
- Percentage Leased: 100% – Single-Tenant
- Term: 12-Year Lease
- In-Place NOI: $1,315,949
- Annual Rent Escalations: 2.00%
CBRE’s U.S. Healthcare Capital Markets Group is pleased to offer the exclusive opportunity to acquire a 62,857 square foot inpatient facility that is fully leased to Lakeside Women’s Hospital (“Lakeside” or the “Property”), a 23-bed hospital that provides breast surgery, endoscopy, imaging, obstetrics and gynecology services, including delivery rooms, a nursery, and a level II NICU (neo-natal intensive care unit).
Lakeside is part of the INTEGRIS Network, the dominant provider of care in Oklahoma City with 26% market share and an ‘AA-‘ rating by Standard & Poor’s. In 2013, INTEGRIS purchased a 75% stake in the Lakeside Women’s Hospital from the physician owners following five years of intense courtship, creating a much stronger referral network for the INTEGRIS network and better negotiated insurance contracts for Lakeside. In 2016, INTEGRIS signed a new 12-year lease for the entire facility with two, 5-year renewal options and 2.0% annual rent escalations.
Investment Highlights
- New 12-Year Lease Term
- Dominant Provider in Women’s Care
- 100% Leased Through December 2027
- Strong Tenant Financial Performance
- Absolute NNN Lease
- Significant Capital Investment by Tenants
- Appealing Demographic Trends
- Delivered Free and Clear of Any Debt
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
Oklahoma Licensed Broker Debt & Equity Finance
Jason Little
+1 405 607 6253
jason.little@cbre.com
OK Lic No. 145918
Greg Greene
+1 214 979 5671
greg.greene@cbre.com
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