The 38,900-square-foot building includes an 11,000-square-foot ambulatory surgery center.
Physicians Realty Trust will lease back the medical office building to its current tenants. CONS has entered into a 15-year lease with Physicians Realty Trust, which includes a first year cash yield of 7.95 percent and annual rent increasing 2 percent each year.
More Articles on Transactions and Valuation Issues:
24 Statistics on Surgery Center Operating Expenses by Number of ORs
Medical Facilities Corporation Releases November Dividend
2 Illinois ASCs Sell Majority Stakes to Edward Hospital
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.