The Offering
- Offering Price: Best Offer
- Address: 2610 North Woodlawn, Wichita, Kansas
- 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
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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