December 23, 2020
SOLD – SURGERY CENTER OF VIERA MEDICAL CENTER – MELBOURNE, FLORIDA
JH Winokur, Inc. is pleased to announce the closing of a healthcare real estate sale-leaseback transaction for Surgery Center of Viera. The complex, located at 7955 Spyglass Hill Rd., at the end of Baytree Boulevard bordering Suntree, is made up of the Surgery Center of Viera on the east side of the 20,000-square-foot building, and Millennium Medical Management’s Deuk Spine Institute and Brevard Heart & Vascular Institute on the other side. The ambulatory surgery center and Spine Institute building also provides office-based surgery, X-rays and MRI/ imaging.
The Surgery Center of Viera features three surgical suite operating rooms, two procedure rooms, and a 12-bed post-anesthesia care unit for recovery, with an additional private recovery room. Fully AHCA Licensed, AAAHCA Accredited, and Medicare Certified, Surgery Center of Viera is a state of the art Ambulatory Surgery Center that provides the highest quality healthcare with today’s highest standards in safety. SCV is committed to providing patients with access to a variety of highly trained surgeons and physicians using the latest in cutting edge technology and modern treatment techniques Sale-leaseback of a renowned spine surgery center and clinic located in a growing market in the Space Coast region.
The City of Melbourne is the economic engine of Brevard County, capitalizing on high-tech industries, location on the Space Coast and our established relationships with the region’s educational and research leaders. The property is just off I-95, 45 miles south of Orlando. The site benefits from the $105,355 average household income in the 5-mile radius and the tremendous population growth in the area.
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.
The real estate was sold to a private Real Estate Investment Trust (REIT) under the terms of a 15-year NNN master lease. The lease allows the tenant to have future flexibility for its business entities and separate business lines within the building. For more information, contact Jeff Winokur.
