November 30, 2021
SOLD – WELLNESS AMBULATORY SURGERY CENTER – MCKINNEY, TEXAS
J.H. Winokur, Inc. is pleased to announce the closing of an ASC real estate sale-leaseback transaction for the Wellness Ambulatory Surgery Center (WASC) is located in McKinney, Texas. The newly constructed center is CMS certified, AAAHC accredited and credentialed for 23 hour stay to accommodate the majority of spinal, general surgery and vascular cases.
The state-of-the-art facility occupies 13,152 sf with 4 Operating Rooms, 1 Procedure Room and 20 pre-op/recovery beds with 5 overnight stay rooms. WASC, with 20 surgeon partners including spine, pain management, ophthalmology, general/bariatric surgery, Cath lab, vascular surgeries and podiatry, accepts Medicare and is in-network with all major commercial payers.
The center is strategically located in a growing area of McKinney, the largest city in Collin County and one of the top 10 fastest growing in economic growth in the Nation, and is 30 miles north of Dallas. Population within a 5-mile radius is 180,888 with 8% annual population growth and $120,352 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. The purchaser was impressed with the quality of construction, the strength of the tenant and 25-year absolute net lease.
J.H. Winokur sold the Wellness Ambulatory Surgery Center real estate sold to a private investor in a 1031 exchange. For more information, contact Jeff Winokur.
