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OM 820 Redd Rd. El Paso MEDICAL OFFICE COMPLEX 820 REDD RD EL PASO, TX 79912 FOR SALE OFFERING MEMORANDUM SERGIO TINAJERO KW COMMERCIAL EL PASO COMMERCIAL DIRECTOR 915.422.2242 O C O M M E R C I A L 915.886.8608 M 6006NMESA ST STE 1100 EACH KELLER WILLIAMS OFFICE IS INDEPENDENTLY OWNED AND OPERATED [email protected] EL PASO, TX 79912 WEST EL PASO SURGICAL CENTER TENANT Phycians West Surgical Center LLC is managed and majority owned by HCA HEALTHCARE a publicly trading company in the NYSE under HCA, one of the nation’s leading providers of healthcare services, HCA Healthcare owns and oper- ates 185 hospitals and 2,000 sites of care including surgery centers, free-standing emergency rooms, urgent care centers and physician clinics located in 21 states and the United Kingdom. They are dedicated to providing healthcare services that meet each community's local healthcare needs. They seek to integrate various services to deliver patient care with maximum quality and efficiency. Their approach includes focusing on quality; streamlining operations; sharing technology, equipment, and personnel where appropriate; and using economies of scale when contracting for medical supplies and administrative services. HCA Healthcare uses its vast clinical knowledge, innovative operating strategies, scale and stability to transform healthcare and help communities thrive. By conduct- ing large-scale clinical research with partners including Harvard Pilgrim Institute and the CDC, and using data from more than 31 million patient encounters each year, HCA Healthcare has published several medical studies in peer-reviewed journals, including the groundbreaking REDUCE MRSA study published in the New England Journal of Medicine. Research and clinical protocols developed by HCA Healthcare physicians, nurses, pharmacists, data scientists, and others are helping develop new standards of care and saving lives in hospitals across the country. The HCA Healthcare Ethics and Compliance Program help ensure that everyone associated with HCA Healthcare-affiliated facilities reflects the Mission and Values Statement, the Fundamental Commitment to Stakeholders and other standards outlined in the Code of Conduct. Taken together, these approaches to the operation of affiliated facilities set ambitious standards for how they treat their patients, the physicians who practice in affiliated facilities, one another and other groups with whom they interact. If everyone associated with an HCA Healthcare-affiliated facility reflects these standards in their activities, it will ensure that they provide compas- sionate, efficient, quality, patient-focused healthcare at all times. West El Paso SURGICAL CENTER SUN CITY ORTHOPAEDIC & HAND SURGERY SPECIALISTS TENANT Sun City Orthopaedic & Hand Surgery Specialists is located in El Paso, Texas. Being based in this great city, which literally translates to “the pass,” has given their team of skilled orthopaedic surgeons the ability to treat patients from all around the Southwest. Patients come to their practice from West Texas, New Mexico, and the Southwest area of the country at large. Their easy-to-reach locations mean that nothing stands in the way of their patients when it comes to living a happy, pain-free life. They have been serving the Southwest area since 2012. Their easy-to-access locations in El Paso, Texas has given their team the ability to treat a variety of patients from the surround- ing areas throughout the years. Their board-certified team is made up of experienced general orthopaedic surgeons who specialize in common and uncommon issues as well as sports medicine, occupa- tional medicine, and total joint replacement. Since their team is made up of many experienced orthopaedic surgeons, they are able to treat the entire spectrum of musculoskele- tal issues. Because of their vast experience, the Sun City Orthopaedic & Hand Surgery Specialists team provides treatment options that suit the needs of their patients. They also handle issues dealing with sports medicine, workers' compensation, treatment of osteoporosis, EMG/NCS, and musculoskeletal medicine. Their general orthopaedic surgeons specialize in hips, knees, shoulders, reconstruction, hand, wrist, and elbow surgery, general orthopaedics, arthroscopy, and total joint replacement. Orthopaedic surgery deals with injuries, disorders, or diseases of the body’s musculoskeletal system. The Sun City Orthopaedic team spe- cializes in all aspects of orthopaedic surgery. It’s important for patients to know that type of surgery can be categorized as “elective surgery.” This means that, although the surgery is beneficial for the patient, it does not have to be done at any particular time. This free- dom allows patients to schedule their surgery at their leisure. In many instances, surgery won’t be necessary. There are various treatment options available, such as rehabilitation and medications that can restore your musculoskeletal system. If surgery becomes a necessity, you can rest easy knowing it won’t be required as an emergency. PERFORMANCE PHYSICAL THERAPY OF EL PASO TENANT Performance Physical Therapy of El Paso, PLLC is a physical and reha- bilitation clinic located in El Paso's Westside of town specializing in allopathic and osteopathic medicine targeting in healing the body with minimal use of medicine with an emphasis focusing on preventa- tive care. Physical medicine and rehabilitation work in enhancing and restoring basic functional ability and quality of life for those people with serious physical impairments or disabilities. Their specialization is in trying to restore optimal function for people that have injuries to muscles, tissues, bones and the nervous system. Physical medicine and rehabilitation also referred to as rehabilitation medicine, is the medical specialty concerned with diagnosing, evalu- ating, and treating patients with physical disabilities. These disabili- ties may arise from conditions affecting the musculoskeletal system such as neck and back pain, sports injuries, or other painful condi- tions affecting the limbs, such as carpal tunnel syndrome. Alternative- ly, the disabilities may result from neurological trauma or disease such as spinal cord injury, head injury or stroke. A physician certified in physical medicine and rehabilitation is often called a physiatrist. The primary goal of the physiatrist is to achieve maximal restoration of physical, psychological, social and vocational function through comprehensive rehabilitation. Pain management is often an import- ant part of the role of the physiatrist. For diagnosis and evaluation, a physiatrist may include the techniques of electromyography to sup- plement the standard history, physical, x-ray and laboratory examina- tions. The physiatrist has expertise in the appropriate use of thera- peutic exercise, prosthetics (artificial limbs), orthotics and mechanical and electrical devices PROPERTY INFORMATION PROPERTY 820 REDD RD, ADDRESS: El Paso, TX 79912 PROPERTY ID: C34099912305475 C34099912305350 C34099912305450 TAX: $88,889.19 PERFORMANCE PHYSICAL THERAPY OF EL PASO LOT AREA: 2.58 AC ZONING: C1 C West El Paso SURGICAL CENTER YEAR BUILT: 2015 BLDG AREA: 22,600 SF PROPERTY DEMOGRAPHICS TRAFFIC VOLUME DEMOGRAPHICS 1 MILE 3 MILES 5 MILES STREET: TRAFFIC PER DAY 2019 TOTAL POPULATION: 16,432 87,113 149,338 N RESLER DR: 25,458 P/DAY POP GROWTH 2019-2024 +1.1% +1.13% +2.11% REDD RD: 30,788 P/Day AVERAGE AGE: 37 37 36 2019 TOTAL HOUSEHOLDS: 5,443 30,828 51,797 2019 MEDIA HOUSEHOLD INCOME: $75,507 $68,696 $57,270 MEDIAN HOME VALUE: $175,668 $186,694 $180,902 The information herein contained sometimes will includes potential and projected income and expenses data that are used only to give an idea of the potential of the property and it is provided solely to assist you in evaluating the above mentioned described.Although there is no reason to doubt the accuracy of this information, no representation or warranty either expressed or implied, is made as to the accuracy, completeness, or adequacy of this information.All offerings are subject to prior sale, lease or withdrawal from the market without notice. FINANCIAL INFORMATION: RENT ROLL Landlord Suite Tenant Commencement Expiration Size Sq. Ft. Rent Month Rent Year Lease Type Renewal Options Lease Increases Responsibilities A Performance PT of El Paso 6/1/2017 5/30/2027 4,000 $ 9, 000.00 $ 108,000.00 NNN None 2 options to renew of 5-years each The lesser of 1% per year of annual CPI BSun City Orthopaedic & Hand Surgery 12/6/2018 12/30/2029 6,100 $ 13 ,725.00 $ 164,700.00 NNN None 2 options to renew of 5-years each The lesser of 1% per year of annu al CPI C West El Paso Surgical Center 12/6/2018 12/30/2029 12,600 $ 37 ,117.50 $ 445,410.00 NNN None 2 options to renew of 5-years each The lesser of 1% per year of annual CPI 22,700 $ 59 ,842.50 $ 718,110.00 OFFERING SUMMARY BUILDING 1 - Performance PT of El Paso 820 Redd Rd. Rentable Square Feet 4,000 El Paso, TX 79912 Rent Adjustment The lower of 1% per year or CPI escallation Renewal Options 2 five-year options Price $10, 260,000.00 Commencement Date June 1, 2017 Annual Rent $108,000.00 Annual Income $ 718 ,110.00 Annual Expenses None Cap Rate 7.00% Building Size 22,700 Sq. Ft. Lot Size BUILDING 2 - Sun City Orthopaedic & Hand Surgery Zonning 1.92 Acres C1 Year Built Shell 2015 Rentable Square Feet 6,100 Year Built Improvements 2017 and 2018 Rent Adjustment The lower of 1% per year or CPI escallation Renewal Options 2 five-year options Commencement Date December 6, 2018 Annual Rent $164,700.00 Website www.suncityorthoandhand.com
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