Sold: Dignity Health Micro-Hospital in Phoenix, AZ MSA
HREA | Healthcare Real Estate Advisors is pleased to announce the real estate sale of a micro-hospital located in a rapidly growing area in Phoenix, AZ, the capital and most populous city of Arizona.
The multi-specialty Hospital and emergency care center is 100% leased and operated by Dignity Health (Fitch A-) and offers the same level of care that can be found in a traditional hospital.
Completed in 2014 as a build-to-suit, the Hospital features two (2) advanced operating suites for inpatient and outpatient surgical procedures, sixteen (16) inpatient rooms, ten (10) emergency room beds, two operating rooms, a 24/7 emergency department, as well as a full onsite laboratory and radiology suite that includes a 64 slice CT scan, x-ray and ultrasound capabilities.
Located in Laveen Village, within the city of Phoenix, the Hospital is well-located eight (8) miles southwest of Downtown Phoenix, and is situated in a strong and growing population base. With an estimated population exceeding 5 million people in the Phoenix metropolitan area (10th largest in the U.S.), Laveen Village has experienced a 65% increase in population since 2010, while the overall MSA experienced a 22.4% increase.
Sale Highlights
Investment Grade Credit | (Fitch A-) | Over $10.8 Billion 2023 Revenue
Long Term Absolute NNN Lease w/ 2.0% Annual Increases
Top-10 largest MSA in the U.S.
Competitive Bid Environment – Generated Multiple Offers
Achieved Aggressive Pricing in Challenging Interest Rate Environment
Representative Transactions
Seasoned Team
