High Quality Ambulatory Surgical Center & Medical Office · Property Overview 69780 Stellar Drive...

69780 Stellar DriveR A N C H O M I R A G E , C A 9 2 2 7 0O F F E R I N G M E M O R A N D U M

Sale - Leaseback Investment Opportunity – Long-Term Lease

High Quality Ambulatory Surgical Center & Medical Office Available for Sale

Steve Body, MA, MSF, MSTAVice President818.852.9255 • [email protected] BRE License #01927373

No warranty, express or implied, is made as to the accuracy of the information contained herein. This information is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and is subject to any special listing conditions imposed by our principals. Cooperating brokers, buyers, tenants and other parties who receive this document should not rely on it, but should use it as a starting point of analysis, and should independently confirm the accuracy of the information contained herein through a due diligence review of the books, records, files and documents that constitute reliable sources of the information described herein. Logos are for identification purposes only and may be trademarks of their respective companies. NAI Capital, Inc. CA BRE Lic. #01990696.

01 Property & Location

02 Financial Summary

03 Property Photos

Table of Contents

69780 Stellar Dr. Rancho Mirage, CA

Prepared By:

Steve Body, MA, MSF, MSTAVice [email protected] BRE Lic. #01927373

01 Property & Location

Proper ty Overview69780 Stellar DriveRancho Mirage, CA

4

NAI Capital, Inc. is pleased to introduce 69780 Stellar Drive, Rancho Mirage, CA 92270 as a confidential, off market investment opportunity.

The Property is a modern, approximately 7,500 SF, one story surgical center & medical office in superior condition. Property was built in 1981, renovated in 1993 and 2016. The surgical center is fully accredited for ambulatory care and it is approved for Medicare certification.

The building is situated on an approximately 1.4 Acre lot, adjacent to Rt 111 (East Palm Canyon Drive) with about 42,000 Average Daily Traffic and direct access to I-10 Freeway, one of the major traffic corridors in California. The property was previously owned and operated by Eisenhower Medical Center and a plastic surgeon in private practice.

Ideal Opportunity for a Healthcare investor looking for a high-quality asset with long-term lease in place.

Presented By:

Steve Body, MA, MSF, MSTANAI Capita, Vice President818.852.9255 • [email protected] BRE License #01927373

Proper ty Highlights69780 Stellar DriveRancho Mirage, CA

5

› Approximately 7,500 SF › One Story Surgical Center and Medical Office Building in Very Good Condition › Separate Surgical and Medical Entrances

Surgical Area: › 2 Operating Rooms › Recovery Area - 4 Beds › 1 Prep Room › Reception / Waiting Area › Laundry Area – Clean / Dirty / Bio Waste › Nurses Station › Doctor’s Office

Medical Offices: › 6 Exam Rooms › 3 Doctor’s Offices › Consultation Office › Manager’s Office › Admin Office › Reception Area › Lobby / Waiting Area › 3 Bathrooms › 1 Shower

› Total of Six (6) Exam Rooms, Four (4) ADA Bathrooms, Four (4) Doctor’s Offices, Two (2) Operating Room, with Prep Room and Spacious Recovery Area

› Convenient Floor Plan with Independent Exit from Surgical Center, Nurses Station, Admin Area, Lab, and Modern Lobby

› Wheel Chair Access, ADA Bathrooms › Ample Patient / Staff Parking › Private Patio › High-Quality Building in Good Condition › Security Key Access/ Motion Sensors / Camera

Proper ty Details

P R O P E R T Y I N F O R M A T I O N

Year Built 1981/1993 R/ 2016 R

Building Size 7,500 SF

Lot Size 1.40 Acre)

Parking 42 Surface Parking

Zoning General Commercial

APN # 689-051-006

Lease Rate $2.60/SF NNN

Cap Rate 6.5%

Asking Price $3,600,000

6

Stellar Dr

Mirage Cover Dr

69780 Stellar DriveRancho Mirage, CA

111

Floor Plan

7

Surgery CenterEntrance


Surgery Exit

Private Patio

Medical Office

Medical OfficeEntrance/Exit

Location Overview

8

Location Highlights

• Limited Inventory - of Ambulatory Surgical Centers• Adjacent to Rt.111 with Direct Access to I-210 Freeway• Busy Street with Strong Traffic Count – About 42,000 Cars per Day• Convenient Patient and Employee Access from Surrounding Areas • Minutes from #1 Bentley and one of the Top Rolls Royce Dealerships in the Country• High-Income/Active Retirement Area with 120 + Golf Courses and Country Clubs• Ritz Carlton and Agua Caliente Casino are Just Minutes Away• About 100,000 people in the 5 Mile Market Area with a Total Healthcare Spending

of $62,364,000• Average HH Income is $97,365 • Four (4) Well Known Hospitals/Academic Centers

Eisenhower Medical Center

Eisenhower Medical Center, is a world-renowned, 476-bed general acute care teaching hospital and academic center just minutes from the Property. The hospital is consistently ranked among the top healthcare providers in California. In addition to providing high-quality primary and urgent care, EMC operates 5 infusion sites and 6 oncology clinics. It is also well known for its Orthopedic and Neurosurgery Center.

EMC is an accredited teaching hospital with coveted clerkship and residency programs. The hospital is proud to operate one of only 49 Comprehensive Cancer Centers in the nation. In cooperation with UC San Diego Health System the hospital conducts over 300 clinical trials, and it is in the process of establishing a bone marrow clinic to the region.

+


4

10

10

215

215

15

215

5

Temecula

Yucca Valley

Indio

Palm Springs

Redlands

Riverside

Hemet

Rancho Cucamonga

Moreno Valley

Perris

Desert Heights

Joshua TreeNational Park

Big Bear

San Bernardino

Corona

Chino

Banning

Jurupa Valley

1

69780 Stellar Dr

1John F Kennedy Memorial145 Beds Acute Care Hospital

2LOMA Linda University Healthcare922 Bed Academic Hospital

3Eisenhower Health476 Bed Acute Care Hospital

4Vibra RehabilitationLong Term Acute Care Facilities

5Desert Oasis HealthcareMedical Group with 4 Locations

6

Desert Regional Medical Center350+ Bed General Acute Care Hospital / Medical Center with 8

7 Betty Ford Center

8Barbara Sinatra Children’s Center

2

65

3

Palm Desert

8362

74

60

247

111

371

79

74

Sam Clemente

Rancho Mirage

Area Hospitals & Healthcare Facilities

9


7

8

Rancho Mirage, California

10


Located at the heart of the Coachella Valley, this high-income retirement oasis has given rise to a

number of exclusive gated communities, over 120 beautiful golf courses, world class restaurants and

shopping areas, and an enviable luxury lifestyle. The #1 Bentley and one of the top Rolls Royce dealerships

in the U.S. are located just minutes from the Property.

Rancho Mirage boasts world-class resorts like The Ritz-Carlton, The Omni Rancho Las Palmas Resort,

The Westin Mission Hills Golf Resort & Spa and the Agua Caliente Casino Resort and Spa. They have been

favored getaway destinations for Hollywood celebrities, business leaders and their families for over 40 years.

The area is also well known for its music festivals. The Coachella Valley Economic Partnership estimates

that Coachella Valley Music and Arts Festival and Stagecoach Country Music Festival generate about $700

Million per year revenue for the local economy. The newly remodeled Rancho Mirage Community Park is

just minutes from the Property. The park hosts a variety of entertainment events throughout the year in it’s

new,1,000-seat outdoor amphitheater.

40,563Households

5,498Total Businesses

$86,543Average Household Income

96,901Estimated Population

Source: SItesUSA

$62,364,000Total Healthcare Spending

Market Area

West Mission Hills Resorts, Golf, Villas, & Spa

The S at Rancho Mirage

BrookdaleRancho Mirage

Segovia at Palm Desert

BrookdaleMirage Inn

Del WebbSun City

Shadow Hills3,400 Homes

AtriaHacienda

Del WebbSun City Palm Desert

4,949 Homes

The Club at Morningside

The SpringsCountry Club

Marriot’s ShadowRidge

Golf Club

Desert WillowGolf Resort

Avondale GolfClub

Palm ValleyCountry Club

Indian RidgeCountry Club

The LakesCountry Club

ToscanaCountry Club

The Vintage Club

MarrakeshCountry Club

Monterey Country Club

Palm DesertCountry Club

Indian WellsCountry Club

111

Frank Sinatra Dr

Country Club Dr

Palm Canyon Dr

Eldorado Dr

111

Fred Waring Dr

Po

rto

la A

ve Co

ok

St

Washington S

t

10

10

Dell Webb Communities & Country Clubs

11


Active-adult developer Del Webb operates two highly popular 55+ communities in the area and is in the process of developing a new 1,028 home community in Rancho Mirage near the Agua Caliente Casino Resort and Spa.

Model homes have started pre-selling from $364,000 to $610,000 in early 2018. Upon completion, Dell Webb will manage about 9,000 homes in Rancho Mirage and the surrounding communities for active retirees.

Le Bella Gardens

Del Webb at Rancho Village

1,000 Homes

Area Retail Map

Desert Twins Plaza

Cathed

ral Cyn D

r

12


Salsas Cathedral Plaza

Palm Springs International

Airport

Date Palm Plaza

Canyon PlazaShopping Center

Palm Canyon Dr

Ramon Rd

111 111

111

111

Palm Canyon Dr

Mission HillsCountry Club

Ramon Rd

Frank Sinatra DrCountry Club Dr

Gerald Ford Dr

Da Vill D

r

The SpringsCountry Club

College ofthe Desert

The River Mall

Desert CrossingShopping Center

Fred Waring Dr

Portola Ave

El Paseo

Westfield Palm Desert

10

10

10

Location Maps

13

JohnsonValley


Stellar D

r

Mirage Cover Dr

111

111

Pe

ters

on

Rd

Landers

Desert Hot Springs

Big Bear Lake

Apple Valley

TwentyninePalmsYucca Valley

Joshua TreeNational Park

Desert Shores

Hemet

Temecula

MorenoValley

Palm DesertIndio

Palm Springs

Escondido

Murrieta

Anza, BorregoDesert State Park

ClevelandNational Forest

Beaumont

247

62

111

86

74

79

18

7955

79

15

10215

02 Financial Summary

Financial Summary

15


Asking Price

$ 3,600,000

Price $3,600,000

Lease Rate $2.60 / SF - NNN

Cap Rate 6.5%

03 Property Photos

Proper ty Photos

17


Proper ty Photos

18


Proper ty Photos

19


Proper ty Photos

20


NAI Capital Encino16001 Ventura Blvd. Suite 200Encino, CA 91436www.naicapital.com

Steve Body, MA, MSF, MSTAVice [email protected] BRE Lic. #01927373

Primary Contact

No warranty, express or implied, is made as to the accuracy of the information contained herein. This information is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and is subject to any special listing conditions imposed by our principals. Cooperating brokers, buyers, tenants and other parties who receive this document should not rely on it, but should use it as a starting point of analysis, and should independently confirm the accuracy of the information contained herein through a due diligence review of the books, records, files and documents that constitute reliable sources of the information described herein. Logos are for identification purposes only and may be trademarks of their respective companies. NAI Capital, Inc. CA BRE Lic. #01990696.

High Quality Ambulatory Surgical Center & Medical Office Available for Sale

NAI Capital Southern Cal i fornia Off ice Locations

Los Angeles County

Downtown LA 601 S. Figueroa St., Ste 3825 Los Angeles, CA 90017 213.632.7700

West Los Angeles 11835 Olympic Blvd., Ste. 700E Los Angeles, CA 90064 310.440.8500

Torrance 970 W. 190th St. Dr., Ste. 100 Torrance, CA 90502 310.532.9080

Pasadena 225 S. Lake Ave., Ste. 1170 Pasadena, CA 91101 626.564.4800

Valencia 27451 Tourney Rd., Ste. 200 Valencia, CA 91355 661.705.3550

Diamond Bar 21660 E. Copley Dr., Ste. 320 Diamond Bar, CA 91765 909.348.0600

Ventura County

Oxnard 300 Esplanade Dr., Ste. 1660 Oxnard, CA 93036 805.278.1400

Westlake Village 2555 Townsgate Rd., Ste. 320 Westlake Village, CA 91361 805.446.2400

Simi Valley 2655 First St., Ste. 250 Simi Valley, CA 93065 805.522.7132

Orange County

Irvine 1920 Main St., Ste. 100 Irvine, CA 92614 949.854.6600

Inland Empire

Ontario 800 N. Haven Dr., Ste. 400 Ontario, CA 91764 909.945.2339

Temecula 27720 Jefferson Ave., Ste. 330 Temecula, CA 92590 951.491.7590

Victorville 13911 Park Avenure, Ste. 206 Victorville, CA 92392 760.780.4200

Coachella Valley

Palm Desert 75-410 Gerald Ford Dr., Ste. 200 Palm Desert, CA 92211 760.346.1566

Headquarters 16001 Ventura Blvd., Ste. 200 Los Angeles, CA 91436 818.905.2400

Property Management 1201/2 South El Camino Real, Ste. 210 San Clemente, CA 92674 949.874.0415

High Quality Ambulatory Surgical Center & Medical Office · Property Overview 69780 Stellar Drive...

Documents

Transcript of High Quality Ambulatory Surgical Center & Medical Office · Property Overview 69780 Stellar Drive...