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Contact MREA-Medical Real Estate Advisors at 713.701.7900.

Contact MREA-Medical Real Estate Advisors at 713.701.7900.

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San Jacinto Surgery Center Document Transcript

  • 1. LEASING MEMORANDUM San Jacinto Surgical Center 1025 Birdsong Street Baytown, TX 77521The information within this statement is given with the understanding that all negotiations shall be conducted by MREA | Medical San Jacinto Surgical CenterReal Estate Advisors. The information has been secured from sources that we deem to be reliable, but we make no representationsor warranties, expressed or implied, as to its accuracy. Buyer must verify all information and bears all risk for any inaccuracies.
  • 2. Executive Summary Offering Overview MREA | Medical Real Estate Advisors is proud to announce for lease, San Jacinto Surgical 900 1.7 3.70 Center, a 12,000 square-foot ambulatory surgery 71 center, located in Baytown, Texas. The San Jacinto Surgical Center is a one-story licensed ambulatory surgical center located in Baytown, Texas and within close proximity to the largest industrial and employment epicenters in Texas and the world. The property is situtated on Birdsong Street, which intersects Garth Road, a popular 5-lane thoroughfare that migrates north and south through the City of Baytown. It was built in 1998 as a certified free- standing ambulatory surgical facility. The San Jacinto Surgical Center is currently leased to the Methodist Hospital System on a Triple Net (NNN) basis through April 30, 2013. The entire property will be ready for immediate use on May 1st. The opportunity exists to lease a medical surgical facility in a dense employment area within a rapidly growing industrial city in the Greater Houston area. What are Ambulatory Surgery Centers? Ambulatory surgery centers (ASCs), a distinct class of outpatient facilities, are state-licensed facilities where surgeries may be performed that do not require an overnight hospital stay. Medicare beneficiaries save over 50 percent on their coinsurance when having a procedure performed at an ASC. Currently, about 65% of all surgical procedures are on outpatient basis.2 San Jacinto Surgical Center The information within this statement is given with the understanding that all negotiations shall be conducted by MREA | Medical Real Estate Advisors. The information has been secured from sources that we deem to be reliable, but we make no representations or warranties, expressed or implied, as to its accuracy. Buyer must verify all information and bears all risk for any inaccuracies.
  • 3. Executive Summary Property Overview all C Address: 1025 Birdsong Drive, Baytown, TX 77521 for County: Harris Pri Building Size: 12,000 square feet cin g Land Area: 1.239 Acres Parcel ID: 0451440020559 Year Built: 1998 Parking Approximately 49 Spaces Construction: Structural Steel Frame, Concrete Block Exterior Walls, Steel Roof Deck, Built Up Roof The San Jacinto Surgery Center is an actively licensed ambulatory surgery center located approximately 20 miles east of Downtown Houston. The facility was built in 1998 and includes multiple operating rooms, pre-op suites and post-op area, large general treatment rooms and a pharmacy. It also features an expansive waiting area with reception, business office and staff lounges, separate locker rooms and backup generator. The property is situated on Birdsong Street in a residential and commercial corridor that extends east of Garth Road and into the Allenbrook subdivision. The facility is within close proximity to the San Jacinto Methodist Hospital which is ranked highly for the following specialties: Gastroenterology, Geriatrics, Nephrology, Neurology & Neurosurgery, Orthopedics, Pulmonology and UrologyThe information within this statement is given with the understanding that all negotiations shall be conducted by MREA | Medical San Jacinto Surgical Center 3Real Estate Advisors. The information has been secured from sources that we deem to be reliable, but we make no representationsor warranties, expressed or implied, as to its accuracy. Buyer must verify all information and bears all risk for any inaccuracies.
  • 4. Executive Summary Property Photos View from 610 South Loop West Postoperative Area Lobby / Reception4 San Jacinto Surgical Center The information within this statement is given with the understanding that all negotiations shall be conducted by MREA | Medical Real Estate Advisors. The information has been secured from sources that we deem to be reliable, but we make no representations or warranties, expressed or implied, as to its accuracy. Buyer must verify all information and bears all risk for any inaccuracies.
  • 5. Executive Summary Property PhotosThe information within this statement is given with the understanding that all negotiations shall be conducted by MREA | Medical San Jacinto Surgical Center 5Real Estate Advisors. The information has been secured from sources that we deem to be reliable, but we make no representationsor warranties, expressed or implied, as to its accuracy. Buyer must verify all information and bears all risk for any inaccuracies.
  • 6. Executive Summary Detailed Floor Plan Operating Rooms cysto Soiled Dark Room/ Rx Storage Area Office Locker Rooms Staff Clean Meeting Post Operative Room Lounge Lounge Endoscopy Bio Operative Wait Pharma/Lounge Room Reception/ Station Nurses Endoscopy Billing Office Pre Lobby Station Recovery Nurses Room6 San Jacinto Surgical Center The information within this statement is given with the understanding that all negotiations shall be conducted by MREA | Medical Real Estate Advisors. The information has been secured from sources that we deem to be reliable, but we make no representations or warranties, expressed or implied, as to its accuracy. Buyer must verify all information and bears all risk for any inaccuracies.
  • 7. Executive Summary Property AerialsThe information within this statement is given with the understanding that all negotiations shall be conducted by MREA | Medical San Jacinto Surgical Center 7Real Estate Advisors. The information has been secured from sources that we deem to be reliable, but we make no representationsor warranties, expressed or implied, as to its accuracy. Buyer must verify all information and bears all risk for any inaccuracies.
  • 8. Executive Summary Property Aerials8 San Jacinto Surgical Center The information within this statement is given with the understanding that all negotiations shall be conducted by MREA | Medical Real Estate Advisors. The information has been secured from sources that we deem to be reliable, but we make no representations or warranties, expressed or implied, as to its accuracy. Buyer must verify all information and bears all risk for any inaccuracies.
  • 9. Market Overview Baytown Map Baytown Attractions 13 Bayland Park Marina 14 Baytown Soccer Complex Baytown is a city in Harris 1 Battleship Texas County and partially within 15 Eagle Pointe Golf Course and 2 Baytown Nature Center Wave Pool Chambers County in the Gulf Coast region of the 3 Eddie V. Gray Wetlands Center 16 Evergreen Point Golf Course State of Texas. 4 Fred Hartman Bridge 17 Goose Creek Country Club and Baytown is linked to Inter- Golf Course state 10 (see map) by State 5 Houston Raceway Park Highway 146 (Lanier Free- 18 Roseland Spray Park way) and Spur 330 (Decker 6 Yepez Vineyard Drive). It is also linked by 19 Wayne Gray Sports Complex the Fred Hartman Bridge, 7 Baytown Historical Museum which crosses into the city 20 YMCA of Greater Houston from nearby La Porte; the 8 Bicentennial and Veterans Memorial Park bridge was built in 1995, 21 Art Center of Baytown replacing the Baytown Tun- 9 Lynchburg Ferry 22 Baytown Little Theater nel, to allow a deeper ship channel. 10 Republic of Texas Plaza 23 Premiere Cinema As of 2010, Baytown had an 11 Sterling Municipal Library 24 Baytown Chamber of Commerce population of 71,802. 12 Wallisville Heritage Park San Jacinto Surgery CenterThe information within this statement is given with the understanding that all negotiations shall be conducted by MREA | Medical San Jacinto Surgical Center 9Real Estate Advisors. The information has been secured from sources that we deem to be reliable, but we make no representationsor warranties, expressed or implied, as to its accuracy. Buyer must verify all information and bears all risk for any inaccuracies.
  • 10. Market Overview Area Features BAYTOWN. TEXAS The City of Baytown, Texas is the third largest city in the Houston In addition to the heavy industry in the business community, Metropolitan Area. Located east of Houston, Baytown is major regional warehouse and distribution centers exist as approximately 20 miles from downtown Houston, 25 miles east well, including Home Depot and Walmart. In 2011, Walmart of the Texas Medical Center and within 30 minutes of Houston purchased the 4 million square foot facility it had been leasing Hobby Airport. for over 5 years. Baytown is a prosperous industrial community boasting three The Baytown economy is strong with retail sales continuing to districts that primarily support petroleum and petrochemical climb, recently exceeding $800 million annually, up over 25% processing: from just 5 year ago. Shopping in Baytown ranges from quaint 1. The ExxonMobil Baytown Complex, founded in 1919, is one of family owned stores and boutiques to one of the largest single- the world’s largest industrial complexes. The Baytown Refinery level shopping malls in the southwest. The 1.5 million-square- located within is the largest in the United States. foot San Jacinto Mall, which houses major stores such as Macy’s, 2. The Bayer Baytown Industrial Park is the largest of Bayer’s U.S. JCPenney, Sears, Marshall’s and Palais Royal, employs nearly chemical processing sites producing a variety of petrochemical 2,000 local residents. products. Baytown’s financial community of nine banks and five credit 3. The Cedar Bayou Chemical Plant is similarly Chevron Phillips unions serve the needs of business, industry and residents. All of largest manufacturing site. The Cedar Crossing Business Park is a these financial institutions are conveniently located within the newer and growing industrial district which is quickly acquiring city. The city also supports two hospitals which have a combined new tenants such as Jindal Steel and Power Limited and Samson capacity of over 500 beds and 300 physicians making it possible Controls. to attract medical services from outside of the community.10 San Jacinto Surgical Center The information within this statement is given with the understanding that all negotiations shall be conducted by MREA | Medical Real Estate Advisors. The information has been secured from sources that we deem to be reliable, but we make no representations or warranties, expressed or implied, as to its accuracy. Buyer must verify all information and bears all risk for any inaccuracies.
  • 11. Market Overview Baytown DemographicsThe information within this statement is given with the understanding that all negotiations shall be conducted by MREA | Medical San Jacinto Surgical Center 11Real Estate Advisors. The information has been secured from sources that we deem to be reliable, but we make no representationsor warranties, expressed or implied, as to its accuracy. Buyer must verify all information and bears all risk for any inaccuracies.
  • 12. All rights reserved. MREA | Medical Real Estate Advisors is a registered trademark of MREA, LLC. All others are the trademarks of their respective companies. © MREA, LLC Designed by MREA | Medical Real Estate Advisors www.mreausa.comThe information within this statement is given with the understanding that all negotiations shall be conducted by MREA | MedicalReal Estate Advisors. The information has been secured from sources that we deem to be reliable, but we make no representationsor warranties, expressed or implied, as to its accuracy. Buyer must verify all information and bears all risk for any inaccuracies.