Offering Memorandum Ty Cobb Physicians Center

Transcription

1 Medical Office Building Investment Opportunity Offering Memorandum P of 18

2 Table of Contents Paul Zeman President, Medical Office Building Investments Partner, Bull Realty, Inc. (404) x 133 PZeman@BullRealty.com Bull Realty, Inc. 50 Glenlake Parkway Suite 600 Atlanta, GA Executive Summary Exterior Property Photos Interior Property Photos About the Tenants Survey & Air Rights Aerial View Site Plan Nearby Businesses & Traffic Counts Location Maps About the Area Broker Profile Confidentiality Agreement P 2 of 18

3 Executive Summary Healthcare Real Estate Services at Bull Realty, Inc. is pleased to offer to qualified investors the opportunity to acquire the Ty Cobb Physicians Center. This 34,793 sf MOB is on-campus and attached to the new St. Mary s Sacred Heart Hospital formerly Ty Cobb Regional Medical Center in Lavonia, GA. St. Mary s Sacred Heart Hospital serves the residents of Franklin, Hart, Stephens Counties and much of NE Georgia & SW South Carolina by providing mission-driven, high-quality healthcare. St. Mary s Health System is a division of Trinity Health which has an AA3 credit rating with Moody s. The specialties in the MOB include Primary Care, OB/GYN, Ophthalmology, Gastroenterology, Audiology, Cardiology, Oncology / Oncology Infusion, and a Muti-Specialty Clinic. Leases are pro-landlord, NNN in structure with annual escalations. Please execute and return the Confidentiality Agreement on the last page of this Offering Memorandum and our team will forward you the property financials for your consideration. Property tours and Offer Deadline are outlined below: Property Tours Offers Deadline Timeline At your convenience between October 12th and 30th. Friday, October 30th, :00pm EST Property Address: County: Zoning: Property Size: 355 Clear Creek Parkway Lavonia, GA Franklin MCD (Medical Campus District) 34,793 Gross / 28,991 Usable Year Built: 2012 Percentage Occupied: 100% NOI: $486,733 Cap Rate: 6.5% Price: $7,575,000 Price Per SF: $218 P 3 of 18

4 Exterior Property Photos (1 of 2) Hospital Entrance P 4 of 18

5 Exterior Property Photos (2 of 2) P 5 of 18

6 Interior Property Photos (1 of 3) P 6 of 18

9 About the Tenants (1 of 2) St. Mary s Sacred Heart Hospital - As part of St. Mary s Health Care System (Trinity Health), St. Mary s offers high levels of care in both hospital and clinic capacities at this location. In addition to their Multi-Specialty & OB/GYN clinic St. Mary s features a 24/7 Emergency Department, Critical Care Unit, Multiple Surgical Suites, Mother/Baby Unit, Imaging Services, and 56 inpatient rooms. Gastroenterology Associates- With eight locations throughout Northeast Georgia, Gastroenterology Associates is the largest gastroenterology practice in the area, having served the communities since Gastroenterology Associates has nine physicians in their practice dedicated to dealing with the gastrointestinal tract, liver, pancreas, and gallbladder. Toccoa Clinic Toccoa Clinic has been serving Northeast Georgia for over 68 years. They are a family oriented medical group dedicated to providing a large range of medical specialties, including 13 specialties and over 25 major medical services. Toccoa Clinic has cared for over a million people since it began in The clinic has seven locations throughout Northeast Georgia. Georgia Center for Sight- Georgia Center for Sight has been serving the north Georgia community for over two decades and has four offices throughout the region. Georgia Center for Sight specializes in treatment of cataracts, glaucoma, diabetic retinopathy, & vision correction through LASIK, glasses and contacts. Led by Dr. Jing Dong who has over 25 years experience and has performed over 20,000 cataract procedures, Georgia Center for Sight is a leader in vision correction. P 9 of 18

10 About the Tenants (2 of 2) The Heart Center of Northeast Georgia Medical Center- Since opening its doors in 2000, The Heart Center of Northeast Georgia Medical Center has treated more than 150,000 patients and contributed to cardiology innovations through their participation in clinical research trials. The practice is affiliated with Georgia s #1 Heart Hospital, CareChex, ensuring that their patients have access to the latest cardiovascular technology and receive top quality care. They have 11 locations to serve the Northeast Georgia community. Athens Hearing & Balance Clinic- Opened in 2003, Athens Hearing & Balance Clinic specializes in the nonmedical management of hearing and hearing-related disorders including dizziness, disequilibrium, and tinnitus. They have three locations in Athens, Monroe, & Lavonia. The clinic was founded by Dr. G Anne Thomas, a 30- year veteran in the field who has been serving Northeast Georgia since University Cancer & Blood Center- University Cancer & Blood Center is the oldest medical and radiation oncology group in Northeast Georgia, having served the community since UCBC now has 7 locations throughout the area with 10 licensed oncologists on staff dedicated to providing the highest quality care to their patients. P 10 of 18

11 Survey & Air Rights The MOB consists of two floors above and attached to the side of the hospital. Based on this a 50 year Air Rights lease is in place. P 11 of 18

12 Aerial View During Construction New Construction in 2012 P 12 of 18

13 Site Plan P 13 of 18 Representative Information contained herein Photo may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,

14 Nearby Businesses & Traffic Counts Over 80,000 vehicles per day drive by the very impressive Hospital & MOB on Interstate 85. P 14 of 18 Representative Information contained herein Photo may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,

15 Location Maps Georgia South Carolina P 15 of 18 Representative Information contained herein Photo may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,

16 About The Area Patients are drawn to St. Mary s Sacred Heart Hospital and the from all over NE Georgia and SW South Carolina. The next closest major health systems are in Athens, GA (approximately 40 miles to the South), Gainesville, GA (55 miles to the SW) and Greenville, SC (55 miles to the NE). My team has visited the property numerous times and there is always a tremendous amount of activity in the Hospital and in the MOB. is a city in Franklin County, Georgia, United States. Lavonia is proud to have three residential and one commercial National Register Districts within the city limits. One of the unique assets of Lavonia is the fact that the town square is virtually unchanged from the original design of the town. Most of the buildings that were built in the late 1800's and early 1900's are still standing and in "near original" design and appearance. In order to preserve the town, Lavonia created The Better Hometown/Main Street program, designed to improve all aspects of the downtown or central business district, producing both tangible and intangible benefits. Improving economic management, strengthening public participation, and making downtown a fun place to visit are as critical to Better Hometown s future as recruiting new businesses, rehabilitating buildings, and expanding parking. The Main Street approach has rekindled entrepreneurship, downtown cooperation and civic concern. It has earned national recognition as a practical strategy appropriately scaled to a community s local resources and conditions. P 16 of 18

17 Broker Profile Paul Zeman Paul and his team specialize in advising clients in the acquisition and disposition of institutional quality medical office buildings. The Medical Office Building Investment Team at Bull Realty, Inc. has implemented business plans and strategies for medical office building owners to maximize asset value resulting in hundreds of millions of dollars of properties sold. This has established Paul as an authority and go-to broker in MOB acquisitions and dispositions. Paul regularly moderates, participates on panels and holds round table discussions at National Healthcare Real Estate Conferences including Interface Charlotte, Chicago, Dallas, Los Angeles & Atlanta and BOMA Philadelphia, Chicago, Dallas, San Francisco, Nashville, Clevelend & Atlanta. Paul Zeman President, Medical Office Building Investments Partner, Bull Realty, Inc. (404) x 133 PZeman@BullRealty.com Prior to entering Healthcare Real Estate, Paul held multiple securities licenses as a Financial Advisor with Prudential Securities and later turned to his family roots as a Healthcare Provider in the outpatient diagnostic imaging sector with MedQuest Associates where he developed, managed, and marketed close to one hundred centers and built relationships with thousands of physicians, healthcare systems, and private practices. Paul moved to Atlanta, GA in 1992 after graduating from Drew University with a degree in Applied Mathematics. Paul is married with two children and lives in the north Atlanta area. He enjoys traveling, tennis, boating, and sports with his children. Bull Realty is a U.S. commercial real estate sales, leasing and advisory firm headquartered in Atlanta. The firm was founded in 1998 with two primary missions: grow a company of brokers known for integrity, and provide the best disposition marketing in the nation. Commercial real estate services include acquisition, disposition, project leasing, tenant representation and advisory services. Areas of expertise include healthcare, office, retail, industrial, multifamily, land, single tenant net lease, self-storage, automotive, student housing, and senior living. Disposition services for appropriate properties can include exposure on up to 415 websites, 17 marketing systems and 4 to 6 e- marketing systems. Additional disposition and lease marketing services may include video, social media, auctions and national radio exposure. The firm hosts the Commercial Real Estate Show, a nationally syndicated talk show about commercial real estate. The weekly show has been on the air for over 4 years. The show is nationally syndicated on 42 radio stations and is available on itunes and the show website CREshow.com. P 17 of 18

18 Confidentiality Agreement This Confidentiality Agreement ( Agreement ) is made and agreed to for the benefit of the undersigned party ( Receiving Party ), the owner of the subject property (the Seller ) and undersigned broker Bull Realty Incorporated ( Broker ). Now therefore in consideration of the privileges granted to Receiving Party with respect to receiving certain confidential information, and other good and valuable consideration, the Receiving Party hereby agrees to the following: I. Confidential Information: Receiving Party will receive confidential information regarding property referred to as the : 355 Clear Creek Parkway, Lavonia, GA. Receiving Party agrees to not disclose to any person that the property may be available for sale or lease, or that discussions or negotiations are taking place concerning the property, nor any terms, conditions, or other facts with respect to the property, including but not limited to tenant information, lease rates, lease expirations, income and expenses, and any such possible purchase, including the status thereof. The term person used in this agreement shall be interpreted broadly and shall include, without limitation, any corporation, company, partnership or individual other than parties to which Broker approves in writing. Receiving Party may share information with directors, officers, employees, agents, affiliates, counsel, lending sources, accountants or representatives of Receiving Party that Receiving Party notifies of the requirements of this Agreement. Receiving Party agrees to not contact the property owner, the management, the tenants, the lender, the vendors, the insurers, the employees or the customers of any business at the site. This agreement will expire on the earlier of: (a) the date the materials are no longer confidential information within the meaning of this Agreement; (b) the date a contract establishing a business relationship between the parties is signed by both parties; or (c) two years from the date hereof. II. Acting as a Principal: Receiving Party hereby warrants that it is acting as a principal only, and not as a broker, regarding this contemplated transaction. Receiving Party acknowledges that Bull Realty Inc. is representing the Seller in this transaction and will be compensated by Seller per separate agreement. Receiving Party reserves the right to involve any agent, broker, attorney or other advisor in the transaction to represent the Receiving Party provided said party is paid by the Receiving Party and said party has agreed in writing to this agreement. III. Governing Law This Agreement shall be governed and construed in accordance with the laws of the State of Georgia. Accepted and agreed to this day of, Receiving Party Signature Printed Name Title Company Name Address Broker Bull Realty, Inc. GA License # Return the executed agreement by fax (404) or PZeman@BullRealty.com Paul Zeman Bull Realty, Inc. 50 Glenlake Parkway, Suite 600 Atlanta, GA Phone Fax P 18 of 18