Sustained Strong Fundamentals for an Asset Class that Provides Essential Services
GLENDALE – (May 3, 2023) – DOCPROPERTIES, a leading healthcare real estate investment and advisory firm, announced the successful completion of another sale-leaseback transaction for Arizona Eye Specialists, a large ophthalmology practice in the state. The sale, which totaled $2.15 million and commanded $389 per square foot, was made to a 1031 investor from Tucson, Arizona.
“Our partners continue to grow our practice, and the proceeds from our recent sale leasebacks allow us to continue to expand our sites across Maricopa County,” said Kerry McBay, CEO of Arizona Eye Specialists.
DOCPROPERTIES, led by Trisha Talbot, a long-time healthcare commercial real estate broker and GlobeSt.com 2021 Woman of Influence, specializes in advising physician practices and healthcare property investors in investment sales, leasing, and corporate representation. Talbot emphasizes that sale leasebacks are a great way for clinicians to maximize the value of their healthcare property, while still realizing low 6% cap rates even as interest rates continue to rise.
“Investors looking for stable, passive real estate income benefit with a stable medical tenant that minimizes their risk as clinicians have a very low default rate and use the property for their essential business,” added Talbot.
DOCPROPERTIES’ mission is to help clients reach their investment goals while allowing clinicians to focus on delivering quality care to their patients. The firm provides a 360-degree view of healthcare properties, specializing in maximizing the value of clinician-owned properties, enabling clinicians to focus on providing quality care while collaborating with investors to acquire, build, and manage healthcare properties.
With a focus on medical and dental office assets in the Western US, DOCPROPERTIES anticipates the needs of entrepreneurial clinicians and investors in a booming property sector, providing predictable and profitable returns during any economic environment. To learn more about DOCPROPERTIES and the breadth of services for clinicians and investors, visit docproperties.com. #####