March 23, 2022
SOLD – PHYSICIAN’S SURGERY CENTER – DOWNEY, CALIFORNIA
JH Winokur, Inc. is pleased to announce the closing of the healthcare real estate sale transaction for Physicians’ Surgery Center of Downey, California. Physicians’ Surgery Center of Downey is the only multi-specialty ambulatory surgery center in Downey. 15 physicians perform procedures at the center. Their specialties include Orthopedic Surgery, Pain Management, Urology, Ophthalmology, ENT Surgery, Gastroenterology (GI Surgery) and Plastic Surgery. The center has two large Operating Rooms and a two room GI Suite with a pass through hallway in the back with scope sterilizer and scope cabinets. The center also has four Bed Pre-Op and Five Bed Recovery.
Physicians’ Surgery Center of Downey is majority owned, 51% by Surgical Care Affiliates and 49% by a group of physicians. Surgical Care Affiliates is a subsidiary of Optum Health, which is a subsidiary of UnitedHealth Group (NYSE: UNH). UnitedHealth Group is investment grade rated, S&P rated A+ and AA- long term issuer credit rating.
Downey has been named “Most Business Friendly City” in Los Angeles County by the Los Angeles County Economic Development Corporation (LAEDC), for cities with populations greater than 68,000. The site benefits from a 37,800 average daily traffic count on Firestone Blvd. The property is just off 605 Freeway with 299,000 ADT with 266,103 population in the 3-mile radius and 802,411 population in the 5-mile radius. The property also benefits from its dense, busy downtown Downey location
J.H. Winokur represented the physician owners in the sale of the property to a private investor seeking a passive healthcare real estate investment. For more information, contact Jason Winokur
