Healthcare

Desert Vista Surgical Center - Scottsdale, AZ

10117 N 92nd St Ste 103 Scottsdale, Arizona United States 85258-4555
Asking Price
Area Size
NOI Net Operating Income
NIY

Documents

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Attributes

Year Built 2003
Building Area Gross
Occupancy 100.0 %

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer for sale the  Dessert Vista Surgical Center located in Scottsdale, AZ (the “Property” or “Asset). The newly renovated 5,691 SF ambulatory surgical center (“ASC”) office condo is located within the Ironwood Village Office Park on the corner of 95th Street and Mountain View. The Asset is situated within a strong medical corridor directly adjacent to the Scottsdale Healthcare Shea Medical Center. Additionally, the affluent surrounding area has an AHHI of $165K  within a 5-mile radius. The fully licensed and operational ambulatory surgery center contains two (2) operating rooms, as well as five (5) pre-op and recovery spaces.


The Property is 100% leased to the Desert Vista Surgical Center, LLC (the “Tenant”). In 2018, Banner Health partnered with Atlas Healthcare Partners to develop, manage, and grow their ASC network (Partnership collectively known as “Banner Atlas”). In the spring of 2022, Banner Atlas purchased 51% membership interest in Desert Vista Surgical Center, LLC – the remaining 49% interest remains with the surgical physician group. The brand-new 10-year lease featuring 3.00% annual increases will be guaranteed pro-rata by Banner Atlas (51%) and the physician practice group (49%).

Investment Highlights

  • Ambulatory Surgical Center With Significant Tenant Buildout
  • Brand New 10-Year NNN Lease Subject to 3.00% Annual Rental Increases
  • Affluent Surrounding Population With AHHI of $165K in 5-Miles Radius
  • Directly Adjacent to HonorHealth Medical Center (426 Beds)
  • Banner Health and Atlas Healthcare Partners Strategic Partnership and Lease Guarantee
  • 140,000 Residents Within 5-Mile Radius
  • High-Growth Tenancy with National Footprint (Banner Health HQ in AZ)

BROKER OF RECORD: WILLIAM HONSAKER (#BR516372000

Last Updated Date: 12 Sep 2022

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Last Updated Date: 12 Sep 2022

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