Transaction Details
$3.5 million
St. Joseph, MO
11,174 SF
Surgery Center
Sale-Leaseback
Ophthalmology
10 Years
Key Highlights
Property Overview
CREG Healthcare successfully represented the seller in the $3.5 million sale-leaseback of Wiles Eye Center, a single-tenant ophthalmology surgery center in St. Joseph, Missouri, totaling 11,174 square feet of premier surgical space.
Transaction Highlights
Wiles Eye Center represents an ideal single-tenant ophthalmology surgery center. The 10-year sale-leaseback structure allowed the physician owner to unlock equity while maintaining complete operational control. Located at 3201 Ashland Ave in St. Joseph, this modern facility features one state-of-the-art operating room and comprehensive ophthalmology infrastructure serving the regional market.
Property Features
Ophthalmology Specialty
Purpose-built ophthalmology surgery center providing comprehensive eye care services from consultation through surgery.
Modern Surgical Facility
One state-of-the-art operating room equipped for advanced ophthalmology procedures with modern equipment and patient amenities.
Sale-Leaseback Structure
10-year lease providing operational stability and allowing physician owner to unlock real estate equity while maintaining practice control.
Strategic Location
Well-positioned in St. Joseph market with strong demographics and established patient base for ophthalmology services.
Why This Transaction Succeeded
- Sale-Leaseback Expertise: Structured optimal 10-year lease terms allowing physician to unlock equity while maintaining operations.
- Single-Tenant Premium: Purpose-built ophthalmology surgery center commanded strong valuation from medical property investors.
- Market Positioning: Strategic St. Joseph location with established patient base enhanced buyer confidence.
- Facility Quality: Modern construction and well-maintained equipment created attractive investment opportunity.
- Buyer Network: Targeted marketing to medical real estate investors specializing in single-tenant healthcare properties.
Transaction Outcome
Wiles Eye Center sold for $3.5 million under a 10-year sale-leaseback arrangement, allowing the physician owner to access real estate equity while maintaining complete operational control of the practice. The transaction demonstrated CREG Healthcare's expertise in structuring physician-friendly sale-leaseback transactions for specialty medical facilities.
Market Context
The St. Joseph medical real estate market offers stable demographics with growing demand for specialty healthcare services. Single-tenant ophthalmology surgery centers are particularly attractive to healthcare real estate investors due to their operational stability and long-term lease structures. The sale-leaseback structure provided optimal outcomes for both the physician seller and the institutional buyer.
"CREG Healthcare's expertise in sale-leaseback transactions and their understanding of ophthalmology facilities resulted in an excellent outcome that met all our financial and operational objectives."
Your Transaction Team
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Considering Selling Your ASC?
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