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
