SARC | Pine Bluff, AR
Property Information
Tenant: Surgical Ambulatory Regional Center
Location: 7200 S. Hazel St., Pine Bluff, AR
Property Type: Freestanding, Medical, Hospital
Building Size: 24,050 Square Feet
Purchase Price: $13,108,192
Cap Rate: 6.25%
This 24,050 SF facility houses multiple clinical practices and a state-of-the-art surgery center. Originally built as a community hospital, this facility houses both the Arkansas Cancer Institute and the Vascular and Cardiac Institute. The facility is master leased by Advance Care Medical and was upgraded to a Surgery Center in 2020.
About Tenants-In-Common
Tenants-in-Common or TIC ownership allows multiple buyers to purchase an undivided percentage of a single piece of property. Each buyer receives his own deed to the property and benefits from all of the income, tax shelters and appreciation it provides. This Millcreek Commercial property has the following characteristics:
- Property is offered debt-free
- Long-term, corporate-guaranteed lease
- Satisfies IRS requirements for 1031 exchanges
Office | 801.899.1943
Lease Information
Lease Guarantor: HSI Group
Initial Lease Term: 20 years
Rent Increases: 2% increases every year
Renewal Options: Two 5-year options
20 Yr. Avg. Return: 7.59%
