Texarkana Surgery Center, the tenant of the property, is joint venture between Symbion (58 percent ownership) and a 23-member physician group (42 percent ownership).
The property features 17,500 rentable square feet, which includes four ORS and a minor procedure room. It is fully leased to Texarkana Surgery through a 10-year lease expiring April 30, 2021.
The purchase price of the property is $4.5 million. It has a capitalization rate of 9.42 percent.
The REIT estimates it will close the acquisition in June, according to the report.
Read the Citybizlist report about the acquisition of the property for Texarkana Surgery Center.
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