Eye and Surgery Center Portfolio Health Care FOR SALE


Prairie Village, KS
$4,983,969 USD
858-531-6585
, Prairie Village, KS for Sale
$4,983,969 USD
Health Care - FOR SALE
1/4
null | 8.02% Cap Rate

Eye and Surgery Center Portfolio
Prairie Village, KS


HIGHLIGHTS

  • CORPORATE TENANT - Vision Integrated Partners (VIP) operates 62 locations, providing stronger creditworthiness than an individual practice and ensurin
  • Tenant Commitment - VIP recently extended the Physicians’ Surgery Center lease to 10 years, reinforcing their commitment and the strategic value of th
  • Procedural Convenience – The CMS-accredited Physicians’ Surgery Center features two Operating Rooms enabling surgeons to treat patients effectively an
  • Growing Market – Over the past 40 years, the Kansas City MSA has experienced steady population growth and is currently home to more than 2.2 million r
  • Strategic Location – Mid America Eye Center and Physicians’ Surgery Center are located side by side, providing convenient access to care for both phys
  • Diversified Revenues - The portfolio includes a surgery center, ophthalmic clinic & accounting office, providing multiple revenue streams and added s

OVERVIEW

Jennifer Stein Real Estate, Inc. in association with ERE Healthcare Real Estate Advisors (“ERE Advisors”) exclusively represents the owners of 3840 & 3830 West 75th Street, Prairie Village, KS 66208 (“the portfolio”) in the sale of their facilities, which are occupied by Physicians’ Surgery Center (“PSC”), Mid America Eye Center (“Mid America Eye”), and SmartSpot. This medical condo portfolio, situated in Prairie Village, an affluent suburb of Kansas City, encompasses approximately 14,134 square feet of space. The medical portfolio includes two condos available for sale as a portfolio or individually. The units are strategically positioned next to one another, facilitating easy access for both physicians and patients of Mid America Eye. The condos house surgical, clinical, and office space, supporting the operations of Physicians’ Surgery Center, Mid America Eye Center, and SmartSpot. Physicians’ Surgery Center, a CMS-accredited surgery center, features 2 operating rooms, 1 procedure room, a LASIK suite with a VisX excimer laser and iFS Femtosecond laser, and a business office suite. Mid America Eye Center includes 9 examination rooms, a contact lens room, a minor procedure room, and a diagnostic testing room. Physicians’ Surgery Center and Mid America Eye Center have become integral to the Prairie Village community, consistently serving the Kansas City MSA from the same location for nearly 25 years. The success attracted the attention of Vision Integrated Partners (VIP), a medical practice and ambulatory surgery center management company, which partnered with Physicians’ Surgery Center and Mid America Eye Center in 2020. VIP, backed by The Firmament Group, was founded two decades ago and has since expanded to manage over 60 clinic and surgery center locations across the United States. At the close of escrow, the selected purchaser will assume the existing leases with Physicians’ Surgery Center, who just executed a new long-term 10-year lease renewal, and Mid America Eye & Smart Spot. Physicians’ Surgery Center, Mid America Eye Center and Smart Spot have a combined WALT of 6.36 years

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Michael CampbellERE Healthcare Real Estate AdvisorsMore Info
858-531-6585

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Michael CampbellERE Healthcare Real Estate AdvisorsMore Info
858-531-6585

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.