Latest Insights

Multi-specialty ASC real estate sells for 6 Million

November 20, 2017

Written by Jon Vick & J.H. Winokur

Multi-specialty ASC real estate sells for 6 Million

J.H. WINOKUR, INC., of White Plains, New York, in association with ASCs Inc. of Valley Center, California, brokered the sale of the real estate of the Dublin Surgery Center, located in Dublin, Ohio.

The Dublin Surgery Center is a 14,416 square foot multi-specialty ambulatory surgery center with four operating rooms and two procedure rooms.  The Dublin Surgery Center physicians partnered with Surgical Care Affiliates, now part of UnitedHealth Group’s OptumCare, and signed a new 15-year lease.

The property was sold on behalf of the physician-owners to a real estate investment fund.  The transaction closed at a price of $6,000,000, representing a 6.62% CAP rate.

Do you own your ASC real estate?

ASCs Inc. helps physicians who own their ASC/MOB real estate to sell it at a premium price and leaseback with no change in rent.  Many physicians who own their ASC/MOB real estate don’t realize how much value their real estate represents. Physicians usually have significant capital locked up in real estate that could be deployed in higher yielding investments. There are a growing number of private investors and real estate investment companies that realize what great businesses ASCs have proven to be.  These buyers are offering premium prices to acquire ASC/MOB real estate. In every situation, each ASC/MOB property we offer for sale attracts multiple premium-priced offers within 30 days of being listed.

Our goal is to help physician-owners of ASC/MOB real estate to obtain maximum value and optimum terms for the sale and leaseback of their real estate, with long-term leases and no personal guarantees.

Click here to view a list of our recent ASC/MOB real estate transactions.  These transactions demonstrate the demand that exists for medical real estate when marketed by a firm with national buyers — local commercial realtors typically do not have access to these buyers.  We market to national buyers who compete to buy the properties we represent and we consequently obtain the highest possible prices for our clients.

When you want to sell your ASC real estate, call us at 760-751-0250 to discuss the process and how to obtain the highest possible value.

More Insights

Becker’s 19th Annual Pain and Orthopaedic Conference Takeaways

Representatives of ASCs Inc. recently presented at the Becker’s 19th Annual Spine and Orthopaedic Conference held June 16-22, 2022 in Chicago. The following article includes excerpts from two presentations:  Jim Freund, Managing Partner of ASCs Inc. was on panels addressing Is it the Right Time to Sell? What Happens Next? And ASC Management and Transactions: Big Trends for 2023 Jason Winokur and Stephanie [...]

July 11th, 2022|News, Strategic Partnering|

Florida Urology Center Enters into Partnership with US Urology Partners

PALM COAST, Fla., July 7, 2022 /PRNewswire/ -- ASCs Inc. is pleased to announce that Florida Urology Center and Physicians Ambulatory Surgery Center has entered into a partnership with U.S. Urology Partners. "Florida Urology Center's mission of providing quality, affordable and compassionate care to its patients was the basis on which we founded our practice and our surgery center," states Dr. Greg Parr, a founding partner. [...]

July 7th, 2022|News, Strategic Partnering|

Is your healthcare organization considering a strategic transaction? 7 Qs with Jim Freund of ASCs Inc.

Healthcare transactions increased in the last year, with physician medical group deals jumping 119 percent year over year, according to a PwC report. The COVID-19 pandemic stressed many smaller physician-owned practices, and costs to run ASC businesses aren’t likely to drop any time soon. Many physicians are looking to merge with other independent physician groups, sell to a private equity firm or to [...]

Selling ASC & MOB Real Estate: The 2022 Outlook and Mistakes to Avoid

Many physicians who own their ASC and MOB real estate may be considering a sale-leaseback of their ASC/MOB real estate to take advantage of the increase in value of medical real estate. Due to the long-term success and profitability of ASCs, excellent credit history and rent coverage, and the likelihood that the ASC will remain in the same location for many years to [...]

June 14th, 2022|Featured Real Estate, Real Estate|

Keith LeBlanc Joins ASCs Inc. as Senior Advisor

San Diego, CA., June 1, 2022 – ASCs Inc. is pleased to announce that Mr. Keith LeBlanc is joining our team as a Senior Advisor. “Keith has an incredible background and skill set that will be invaluable as we enter into more complex client engagements,” states Managing Partner Jim Freund. “I have known and worked with Keith for almost two decades and he is [...]

June 1st, 2022|News|

SOLD – Alaska Eye Surgery Center and MOB Real Estate

March 3, 2022 — ASCs Inc. and JH Winokur, Inc. are pleased to announce the closing of a real estate sale-leaseback transaction for the Alaska Eye Surgery Center and Laser Center and Alaska Lasik & Cataract Center located in downtown Anchorage, Alaska. The condominium units are located within the Ann Stevens Building, aka the American Red Cross of Alaska building. The Alaska Eye Surgery [...]

March 3rd, 2022|News, Real Estate|

SOLD – Avala Surgical Hospital in Covington, Louisiana

February 23, 2022 — ASCs Inc. and JH Winokur, Inc. are pleased to announce the closing of a healthcare real estate sale-leaseback transaction for Avala Surgical Hospital (“Avala”) located in Covington, Louisiana. Avala is a premier 60,087 square-foot, 21-bed surgical hospital with 8 Operating Rooms and 3 Procedure Rooms, which offers some of the most innovative and minimally invasive surgeries in the south. Avala [...]

February 23rd, 2022|News, Real Estate|

National Management Company Purchases Modesto Surgery Center

February 15, 2022 — ASCs Inc. is pleased to announce that the physician-owners of the Modesto Surgery Center have sold the ASC to a national Surgery Center Management Company and a syndicated group of surgeons. The physician-owners of the single-specialty ASC were seeking an exit strategy and a buyer for the ASC business that could provide the resources needed to grow the center, [...]

February 15th, 2022|News, Strategic Partnering|

SOLD – Georgia Orthopaedic MOB/ASC Real Estate

February 9, 2022 — ASCs Inc. and JH Winokur, Inc. are pleased to announce the closing of a healthcare real estate sale-leaseback transaction for the Houston Orthopedic Surgery & Sports Medicine, Middle Georgia Orthopedics and Houston Orthopedic Surgery Center building located in Warner Robbins, Georgia. The 34,697 square foot building is home to the county’s dominant orthopaedic practices. The facility is home to an [...]

February 9th, 2022|News, Real Estate|

National Hospital System Acquires Northridge Surgery Center

February 1, 2022 — ASCs Inc. is pleased to announce the sale of the Northridge Surgery Center to a national hospital system that is focused on expanding its outpatient footprint to support their growth initiatives. The owners of the new multi-specialty ASC, with three operating rooms and located in a prime location in Northridge, CA, wanted to consider multiple options when it came [...]

February 1st, 2022|News, Strategic Partnering|
Go to Top