News Release: Just Closed — 15-Year Master Leased Diagnostic Imaging Center Operated by RadNet

CBRE U.S. Healthcare Capital Markets is pleased to announce the closing of the Lenox Hill Radiology Merrick facility (the “Property”), located on Long Island, New York. Chris Bodnar, Brannan Knott, Zack Holderman, Cole Reethof, Jesse Greshin and Trent Jemmett of CBRE U.S. Healthcare Capital Markets partnered with Chris Bosworth, Will Pike and Cyrus Felfeli of CBRE’s Net Lease Capital Markets to act as the exclusive advisors to the seller.

The Property is a 6,790 square foot comprehensive diagnostic center is leased to a subsidiary of RadNet (NASDAQ: RDNT | S&P: B+), the largest provider of outpatient diagnostic imaging services in the United States. Lenox Hill Radiology Merrick is located on Sunrise Highway which sees 48,000 vehicles per day with convenient access to Meadow State and Wantagh State Parkway. The surrounding medical cluster is home to the 455-bed Mount Sinai South Nassau 4.5 miles west of the asset, and the 375-bed Catholic Health Mercy Hospital. The facility was a build-to-suit in 2006, featuring nine imaging suites catered to women’s imaging with subdivided waiting rooms. The second floor provides advanced imaging services, including MRIs and CAT scans.

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