Alpha Healthcare Partners - Portfolio - office for sale
Overview
The Portfolio is an exclusive opportunity to acquire 37,828 rentable square feet in three high-quality medical office properties generating significant annual net operating income with contractual rent growth. The 100 percent occupied Portfolio is tenanted by investment grade credit from INTEGRIS Deaconess, Surgical Care Affiliates (OptumCare), and Surgery Partners (NASDAQ: SGRY). The Portfolio has critical healthcare infrastructure with ambulatory surgery centers in 71 percent of the portfolio providing highly inelastic tenant demand with the continuing shift in healthcare being delivered to outpatient settings throughout communities.
The Properties offer long-term, durable cash flow while affording predictable growth in income with fixed rental escalations and over ten years of remaining lease term. The Portfolio is being offered for fee simple ownership and all Properties are available free and clear of any mortgage debt.
Investment highlights
- Extremely attractive opportunity to acquire a high quality net lease medical office portfolio
- 100% occupied by leading health systems and national surgery center operating partners
- 37,828 rentable square feet in 3 medical office buildings, well distributed in the Midwest and South
- Weighed average remaining lease term of 10.2 years
- Exceptional hospital alignment with investment grade credit across 29% of the Portfolio and industry leading surgery operators in 71%
- Net lease structure providing ease of ownership and predictable cash flow with annual growth from contractual rent escalations
- Recession-resistant assets
- Opportunity for relationships with health systems and leading surgery center operators
- Fee simple; available free and clear of debt
| General | |
| Property type | Office |
| Property subtype | Out of town/Suburban |
| Tenure type | Sale/Purchase |
| Property address | Three Locations, OH |
| Building size | 37,828 ft2 |
| Year built | 2000 |
| Financial | |
| Price | Confidential |
| Cap rate | Confidential |
| Lease | |
Alpha Healthcare Partners - Portfolio - office for sale
Presented by:
-
Primary contact
- Brannan Knott
- brannan.knott@am.jll.com
- +1 617 316 6508
-
Secondary contact(s)
- Eric Suffoletto
- License No.: IL - 475.14702
- eric.suffoletto@am.jll.com
- +1 617 316 6479
-
Secondary contact(s)
- Brian Bacharach
- brian.bacharach@am.jll.com
- +1 214 438 6462
-
Secondary contact(s)
- Daniel Turley
- daniel.turley@am.jll.com
- +1 214 438 6374
-
Secondary contact(s)
- Justin Hill
- justin.hill@am.jll.com
- +1 419 973 1854
-
Secondary contact(s)
- Mindy Berman
- mindy.berman@am.jll.com
- +1 617 316 6539
-
Secondary contact(s)
- Steve Leathers
- steve.leathers@am.jll.com
- +1 212 812 5867
-
Broker of record
- CJ Kodani
- License No.: 01856330
- cj.kodani@am.jll.com
- +1 617 531 4179
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