1/28/2022
SOLD – THOUSAND OAKS SURGERY CENTER – THOUSAND OAKS, CALIFORNIA
JH Winokur, Inc. are pleased to announce the closing of a healthcare real estate sale-leaseback transaction for Thousand Oaks Surgery Center Medical Center, also known as Serra Medical Plaza, a two-story medical building in Thousand Oaks, California.
The Property was a build-to-suit in 2014 and is 100% leased to Thousand Oaks Surgery Center (TOSC) – a leading multi-specialty surgery center in Ventura County with four operating rooms ideally located off the 101 freeway in Thousand Oaks. The facility also houses a pain management and injury relief clinic that offers the most state-of-the art treatments and advanced procedures available for treating chronic pain conditions.
Thousand Oaks Surgery Center is operated by a group of highly established physicians with more than 50 years of combined medical management and surgery center experience. The practice is widely known for the high quality of care and unparalleled level of service they provide. Additionally, TOSC is certified by the Accreditation Association of Ambulatory Health Care and is a Medicare-approved facility with the capabilities, equipment, and support to compete with the nation’s top-tier medical providers.
Thousand Oaks Surgery Center sets the standard for outpatient procedures across multiple medical specialties including Bariatric Surgery, General Surgery, Neurosurgery, Orthopedic Surgery, Otolaryngology, Pain Management, Plastic Surgery, Podiatry, Spine Surgery, Urology, and Vascular Surgery.
The City of Thousand Oaks is a premiere community recognized for being one of the most desirable places in all of California to live, work, recreate, and raise a family. Located in between Los Angeles and Santa Barbara in Ventura County. There site benefits from the 62,248 population in 3-mile radius and 126,891 population within 5-mile radius with a $152,359 average household income.
Many ASC owners are considering the sale-leaseback of their ASC real estate to provide liquidity, diversify their assets or simply to take advantage of the high premium prices medical real estate buyers are paying for quality medical buildings under long-term leases.
J.H. Winokur brokerage represented physician ownership in the sale of the real estate to a private equity firm under the terms of a single long-term absolute NNN master lease. The lease allows the tenant to have future flexibility for its business entities and separate business lines within the building. The rent was not changed as a result of the transaction. Contact Jason Winokur for more information.
