CREG | Healthcare is pleased to announce the successful sale of Northwest Florida Surgery Center, a premier, 100% leased, multi-specialty ambulatory surgery center located in Panama City, Florida.
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A Leading Multi-Specialty Surgery Center in Northwest Florida
Located at 767 Airport Road, the 15,225 SF Class A facility has been serving the Panama City community since 1995 and is regarded as the area’s go-to multi-specialty outpatient surgery center. The building, constructed in 1995 and fully remodeled in 2020, features three (3) operating rooms, two (2) procedure rooms, dedicated pre-op and post-op recovery areas, and private recovery rooms. The property sits on a 13-acre site and is fully occupied by Northwest Florida Surgery Center, which recently entered into a strategic partnership with Surgical Care Affiliates (SCA) and Advent Health.
The practice benefits from 23 surgeons, including 16 physician-owners, across a wide range of specialties such ascardiology, ophthalmology, orthopedics, otolaryngology, pain management, plastic surgery, and spine surgery.
A Competitive Process Fueled by Market Demand
The marketing process generated strong institutional demand, with CREG procuring nine (9) competitive offers from well-capitalized healthcare investors. As part of the transaction, CREG successfully negotiated a new long-term NNN lease with SCA/Advent Health, ensuring stable occupancy and strengthening the property’s long-term investment profile.
The property was ultimately acquired by a private REIT with a focus on high-performing healthcare real estate assets.
Delivering Results Through Strategic Execution
This transaction underscores CREG’s ability to deliver tailored healthcare real estate advisory services that maximize value for physician groups. From driving a competitive bid process to structuring long-term leases that enhance investment stability,CREG once again demonstrated its expertise in aligning high-quality medical assets with long-term capital partners.
For more information on this sale, please contact CREG | U.S. Healthcare Investment Sales Practice or visit our website at www.CREGhealthcare.com
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