News Release: Just Sold: Newly Built Single-Tenant Specialty MOB | Reno, Nevada

ANNOUNCEMENT

HREA | Healthcare Real Estate Advisors is pleased to announce the sale of a newly constructed medical office building (MOB) located in Reno, NV.

Consisting of approximately 21,500 SF, the state-of-the-art MOB was designed and built for Urology Nevada, the most comprehensive urology practice in northern Nevada.

Completed in 2019, the facility is utilized by Urology Nevada and its ten (10) Board Certified doctors and ten (10) advanced practitioners to diagnose and treat a full range of urologic conditions.
The transaction was structured as a Hybrid Sale-Leaseback, which allows the physicians to retain ownership in the real estate on a tax-deferred basis, promoting physician alignment, continued distributions, and long-term control for the physicians.

In addition, the engagement included the design, development, and capital to expand the building to 30,000 SF, adding operating rooms and clinical space to address near-term growth needs for the practice.

ABOUT HREA

HREA | Healthcare Real Estate Advisors is a national leader in advising healthcare providers and real estate investors with various monetization strategies, including disposition, debt & equity recapitalization, and tax-deferred structures, such as the §1031 Ex-change or UPREIT. In addition, HREA’s capabilities also include providing health systems and physician groups with 100% non-recourse financing for new development and expansion, as well as monetizing surplus and non-essential real estate assets.

CHRISTOPHER L. STAI, CPA
Managing Director
480.433.3494
cstai@healthcareREA.com
CA RE: 01836740
Raleigh, NC

JOSHUA D. H. REES, MRICS
Director
858.312.0657
jrees@HealthcareREA.com
CA RE: 02039922
San Diego, CA

RYAN V. MICHAELS
Associate
(760) 815-0421
rmichaels@HealthcareREA.com
San Diego, CA

JANTZEN B. GONGON
Director of Marketing
619.894.5949
jgongon@healthcareREA.com
San Diego, CA

HREA | Healthcare Real Estate Advisors, Raleigh, North Carolina, 27614, United States

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