Alpha Healthcare Partners - Portfolio
Three Locations , OH Portfolio

Alpha Healthcare Partners - Portfolio - office for sale

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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

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