Premier Healthcare Investment in Sarasota, FL

Investment Overview

3201 S. Tamiami Trail is a free-standing 11,420 +- sf ambulatory surgery center on US-41 fully leased to Sarasota Physicians Surgical Center, LLC who has been servicing the community for over 15 years. This center is now secured by a new 10-year lease whose ownership includes 51% interest held by a wholly owned joint venture between AdventHealth and SCA Health affiliates. SCA Health is also contractually responsible for management of the surgery center, while AdventHealth provides clinical integration and managed-care contracting services. Purpose-built for outpatient surgical care, the facility features three operating rooms, a procedure room, and dedicated pre- and post-operative areas. The combination of long-term tenancy, strategic institutional healthcare involvement, specialized improvements and a premier Sarasota location creates an attractive healthcare real estate investment.

Investment Highlights

• New 10 Year NNN lease to a surgical center controlled by SCA Health/AdventHealth joint Venture
• $491,000 Year 1 NOI
• 2.5% annual escalations
• Free-standing facility
• 46 surface parking spaces (22 offsite parking agreement/easement)
• 1 mile to Sarasota Memorial Hospital
• Tenant reimburses 100% of taxes & Insurance and self-performs all maintenance and repairs
• Three 5 year renewal options
• Landlord responsible for HVAC replacement