Just Closed: HCA Surgery Center Portfolio

CBRE U.S. Healthcare Capital Markets is pleased to announce the closing of the HCA Surgery Center Portfolio, a portfolio totaling 65,054 square feet in two ambulatory surgery centers (ASC) and medical outpatient buildings (MOB) located in Katy, Texas, and Orem, Utah. Chris Bodnar, Brannan Knott, Zack Holderman, Cole Reethof and Jesse Greshin of CBRE U.S. Healthcare Capital Markets partnered with Brandy Spinks of CBRE’s Houston Leasing team and Marty Plunkett of CBRE’s Salt Lake City Leasing team to act as the exclusive advisors to the seller.

The HCA Surgery Center Portfolio is a newly delivered, trophy ASC portfolio of two assets developed by NexCore Group, a national leader in healthcare real estate development, and anchored by investment grade tenant, HCA Healthcare’s (NYSE: HCA | Moody’s: Baa3) ambulatory surgery centers that represent 86% of the overall NRA under new 15-year leases. Both assets are fully leased with an average WALT of 13.8 years. Delivered in 2025, the properties are well positioned in rapidly expanding healthcare markets and will continue to be managed by NexCore on behalf of the purchaser. The HCA Katy MOB & ASC is a Class A facility located in the high growth area of Katy, Texas in the Houston MSA with visibility and access from Katy Freeway (225,000 VPD), the main thoroughfare in the submarket. The remaining tenant roster includes clinical space for HCA, GI Alliance Management that majority owned by Cardinal Health (Moody’s: Baa2), and Houston Regional Gastroenterology Institute. The HCA Orem facility, known as HCA Timpanogos ASC, is a state-of-the-art ASC located directly on the campus of Timpanogos Regional Hospital, which is owned and operated by HCA Healthcare. The ASC is leased to Central Utah Surgical Center and features 10 operating rooms, which ranks in the top 5% of the largest ASCs in the country, plus four procedure rooms and 32 recovery bays.

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