Pensacola,Fla.-FlagshipHealthcareProperties(Flagship),an outpatient healthcare real estate firm, is pleased to announce the acquisition of a Class A, 100% leased ambulatory surge center (ASC) in Pensacola, Florida. The 11,823-square-foot facility was purpose-built for Gastroenterology Associates of Pensacola, now part of Gastro Health, which has practices in Florida and Alabama. The ASC, at 4810 North Davis Highway, features five endoscopy suites where more than 12,000 procedures are performed annually, all connected to a central recovery room.
This location is one of the top-performing facilities in Florida, and supported by its partnership with Ascension Health, it will continue to be a mainstay for the Gastro Health family.
The property is ideally situated with high visibility along a major traffic corridor with the highest concentration of medical practices in the Pensacola market. It is located one mile from the 264-bed Baptist Hospital—ranked a Top 25 Hospital in Florida by U.S. News & World Report—and 1.4 miles from the 566 bed Ascension Sacred Heart Hospital, a partner of The Endoscopy Center.
Pensacola’s coastal setting offers natural beauty and a high quality of life that supports talent attraction and retention. Notably,Pensacola Beach was ranked No.5 among the 25 best beaches in the United States by Trip Advisor’s 2015 Travelers’ Choice Awards.
“Our acquisition of The Endoscopy Center reflects our strategic commitment to high growth healthcare markets like Pensacola. While clinical operations will remain under the direction of the current providers, we are proud to support their work by ensuring a modern, well-maintained facility designed for long-term success, said Gerald Quattlebaum, Flagship’s Executive Vice President of Acquisitions.
The property was acquired through Flagship’s private real estate investment trust, Flagship Healthcare Trust (FlagshipREIT). Flagship will also provide property management and asset management services for the facility.
About Flagship Healthcare Properties
Flagship Healthcare Properties, LLC (Flagship) is a fully integrated outpatient healthcare real estate firm service clients throughout the United States. Headquartered in Charlotte, North Carolina, Flagship offers a full range of real estate services, including acquisitions, development, leasing and brokerage, as well as facilities, property and asset management.Flagship manages approximately 8.4 million square feet of healthcare real estate in more than 405 properties serving more than 770 tenants. Flagship serves as the manager of its private REIT, Flagship Healthcare Trust, Inc. For further information, visit www.FlagshipHP.com.
About Flagship Healthcare Trust
Flagship Healthcare Trust, Inc(FlagshipREIT), is a private real estate investment trust that owns clinical healthcare assets throughout the United States. Flagship REIT holds interest in 110 properties comprising 3.0 million square feet of space and valued at more than $1.1 billion. For further information, visit www.FlagshipHP.com/REIT.
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