The 7,032 sf facility is leased to Eye Surgery Center of Tulsa, a joint venture partnership of the Tulsa OK Ophthalmology ASC/LLC and AMSURG (51%), a nationally recognized leader in the development, management and operation of outpatient surgery centers. The property is located just ½ mile from the St. Francis Hospital medical campus in a major medical corridor. Approximately 120 surgical procedures per week are performed at this center. Over six (6) years remained on the lease at time of acquisition. Other nearby tenants include: Health Zone, Snap Fitness, Eastern Oklahoma Ear Nose & Throat, Tulsa Family Dental, Endodontic Specialists and Oklahoma Podiatric Med Association, among several others. The property was an “outlier” in the portfolio of a Washington state real estate investor. Bedrock Investments Group (BIG) acquired a tenants in common (tic) interest in this property in conjunction with one of their major investor partners to facilitate their 1031 exchange. AMSURG partners with more than 1,500 physicians at more than 220 outpatient surgery centers across the United States. AMSURG revenues for the first six months of 2012 were $461.8 million. The tenant completed renovation of the interior in 2016 and extended the original lease.
Aspen DentalMarshalltown, Iowa
Hendrick Regional HealthAbilene, Texas