News Release: Just Closed – Center for Minimally Invasive Surgery

JUST CLOSED

CENTER FOR MINIMALLY INVASIVE SURGERY

Mokena, Illinois

Sale Date: 6/13/2019

Property Size: 28,834 SF

Sale Price: $19.25M

Price Per SF: $685

% Leased: 100%

CBRE U.S. Healthcare Capital Markets is pleased to announce the sale of the Center for Minimally Invasive Surgery (the “Property”), located in Mokena, Illinois, an affluent village located approximately 30 miles southwest of downtown Chicago. Chris Bodnar, Lee Asher, Shane Seitz, Ryan Lindsley and Sabrina Solomiany partnered with Lynne Brackett in the Illinois market to act as the seller’s exclusive advisors. The property was sold to a 1031 exchange buyer based out of California.

The Property is comprised of two single-story buildings, that totals 28,843-rentable square feet and is 100% leased by a joint venture between Surgical Care Affiliates (SCA) and a group of surgeons who operate out of the facility. The Property includes a surgery and 72-hour recovery center, with four operating rooms and four overnight recovery beds. Over 4,000 surgical procedures are performed annually by the 55+ surgeons who utilize the facility. Specialties offered at the center include spine surgery, orthopedic surgery, ophthalmology, plastic surgery, podiatry, pain management, gynecology, and general surgery.

For more information, or if we can help with your healthcare real estate holdings, please contact us.

www.cbre.us/cm-healthcare

CHRIS BODNAR
Vice Chairman
Investment Properties
+1 303 628 1711

LEE ASHER
Vice Chairman
Investment Properties
+1 404 504 5965

SHANE SEITZ
Senior Vice President
Debt & Structured Finance
+1 303 583 2033

RYAN LINDSLEY
Senior Director
Investment Properties
+1 303 628 1745

SABRINA SOLOMIANY
Senior Director
Investment Properties
+1 404 536 5054

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