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News Release: Sold – Brand New State-of-the-Art MOB & ASC | Flagstaff, AZ

SOLD

STATE-OF-THE-ART

BRAND NEW MOB ASC

Flagstaff, AZ

Sale Announcement

HREA | Healthcare Real Estate Advisors is pleased to announce the real estate sale of a brand new medical office building and integrated ambulatory surgery center located in Flagstaff, AZ. Recently completed in 2022, the state-of-the-art facility was specially designed and built for Northern Arizona Orthopaedics in partnership with HOPCo.

Cedar Medical Phase I is strategically located in Flagstaff, which has experienced a 19% population increase since the 2010 census. The MOB and ASC is situated between two major hospitals in the region, adjacent to the Rehabilitation Hospital of Northern Arizona and less than one-half mile from Flagstaff Medical Center, and along a major throughfare, connecting the east and west sides of Flagstaff.

The Building is comprised of 26,400 rentable square feet and features two (2) operating rooms. The leased investment is supported by a new 15-year lease demonstrating the Northern Arizona Orthopaedics’ dedication to providing compassionate orthopaedic care for patients throughout Flagstaff and surrounding areas, including their clinic locations in Prescott Valley, AZ and Lakeside, AZ.

Integrated teams of Northern Arizona Orthopaedics specialize in Urgent Ortho, Spine, Foot & Ankle, Hand, Wrist & Elbow, Hip, Knee, Sports Medicine, Shoulder, Arthritis, as well as Physical Medicine and Rehabilitation. With their recent integration in HOPCo, they are now a part of the largest orthopedic group in Arizona and the largest orthopedic value-based care organization in the country.

About HREA

HREA | HEALTHCARE REAL ESTATE ADVISORS is a national leader in advising healthcare providers and real estate owners with various monetization strategies, including disposition, debt & equity recapitalization, and tax-deferred structures, such as the Hybrid Sale-Leaseback®, §1031 Exchange, and UPREIT.

HREA’s capabilities also include providing health systems and physician groups with 100% nonrecourse financing for new development and expansion, as well as monetizing surplus and non-essential real estate assets.

The founders of HREA have completed over $3 billion of healthcare real estate sale transactions in nearly every state in the U.S. With an exclusive focus on healthcare real estate, HREA has a unique perspective of this rapidly evolving industry that provides solutions customized to each client’s goals and objectives.

ABOUT HREA | OUR SERVICES | NEWS | CONTACT US

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
CA RE: 02132328
San Diego, CA

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

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