The Offering
CBRE’s Texas Investment Sales Group and CBRE’s U.S. Healthcare Capital Markets Group are pleased to exclusively offer The Hospital at Craig Ranch for lease or purchase. Built in 2009 on 3.89 acres within the vibrant McKinney community just off Sam Rayburn Tollway (State Highway 121), the campus design facilitates easy access to the spectrum of healthcare services, from convenient clinic visits to significant specialty surgical procedures with upscale inpatient suites.
The two-story specialty surgical hospital contains 57,680 square feet. The 37,856 square foot first floor includes seven operating suites, six pre-operative rooms, three procedure rooms, a four-bed intensive care unit, a pharmacy and an imaging area. The second floor holds 20 private patient suites, a commercial kitchen and dining area. Connected to the hospital on both the first and second floors, is the 55,965 square foot medical office building (MOB, anchored by Code 3, a 10,006 square-foot emergency department operator. The campus includes a three-story, 329-space parking garage with 16 handicap spaces.
The previous hospital tenant, Victory Healthcare, was a physician majority-owned and governed hospital focused on providing the highest quality care with the latest technology. The tenant’s lease was terminated and the hospital closed in March 2015. The hospital license has been revoked and much of the on-site equipment has been removed.
The City of McKinney is one of the fastest-growing cities in America. Money Magazine rated McKinney as the #1 Best Place to Live in America in 2014, based on employment, schools, crime and quality of life. With the population increasing more than seven-fold since 1990 and continued focus on well-planned commercial and residential growth, McKinney continues to be a desirable place to work and live.
Investment Highlights
- Rare Opportunity for Hospital Operator to Establish New Location While Preserving Capital
- Great Access and Visibility in Midst of Craig Ranch, a Highly Affluent, High-Growth Suburban Location
- Vibrant and Diversified Economy in High-Growth City
- Modern Hospital Campus with MOB and Parking Garage Offered Fee Simple
- Value-Add Investment Opportunity
- Appealing Aging Trends
Contact Information
Scott Herbold
First Vice President
+1 210 507 1120
scott.herbold@cbre.com
Austin Barrett
Associate
+1 214 979 6141
austin.barrett@cbre.com
Lee Asher
CBRE Healthcare Capital Markets
lee.asher@cbre.com
Chris Bodnar
CBRE Healthcare Capital Markets
chris.bodnar@cbre.com
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