Physicians Surgery Center - Hannibal, MO
“Our physician practice was very impressed with the HG Real Estate Partner team. Specifically, in their ability to quickly produce an above list price offer... I highly recommend their services.”
— Transaction Highlights—
Transaction Value: $1,700,000
Key Points: Achieved 104% of list price, outpatient surgery center, and triple-net (NNN) sale-leaseback.
Property Components: Ambulatory Surgery Center.
Buyer: Health System Seller: Physician Practice
Transaction Advisor: HG Real Estate Partners, Inc. (HG)
— Transaction Summary —
In 2020, HG lead the investment sale of the Physicians Surgery Center, an outpatient surgery center occupied by one of the nation’s leading Ophthalmology practices. The property is located near the region’s predominant health center, the Hannibal Clinic. While certain lease fundamentals were desirable (lease type, quality of tenant, and its strategic location near the Health Center), the existing rent rate was above market. HG leveraged Physicians Surgery Center’s strategic location to engage the Hannibal Clinic’s parent organization, Blessing Health System, in negotiations. The result was a mutually beneficial transaction for both buyer and seller. The seller achieved an above list price offer for their asset, while the buyer was able to expand market share through the strategic acquisition of the region’s leading outpatient surgery center.