offering memorandum (l)€¦ · all materials and information received or derived from kw...

KW COMMERCIAL

8702 Perimeter Park Blvd

Jacksonville, FL 32216LARRY WALSHAWInvestment [email protected] #BK3249744

Marion Surgery Center

OFFERING MEMORANDUM

PRESENTED BY:

OCALA, FL

OFFERING MEMORANDUM

www.kwcommercial.com 2

KW COMMERCIAL


Jacksonville, FL 32216

LARRY WALSHAWInvestment [email protected] #BK3249744

Confidentiality & Disclaimer

OFFERING MEMORANDUM

All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third party sources are provided without representation orwarranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliance with applicable governmental requirements, developability or suitability, financialperformance of the property, projected financial performance of the property for any party’s intended use or any and all other matters.

Neither KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy or completeness of the any materials orinformation provided, derived, or received. Materials and information from any source, whether written or verbal, that may be furnished for review are not a substitute for a party’s active conduct ofits own due diligence to determine these and other matters of significance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for a party unlessotherwise agreed in writing.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections and investigations including through appropriate thirdparty independent professionals selected by such party. All financial data should be verified by the party including by obtaining and reading applicable documents and reports and consultingappropriate independent professionals. KW Commercial makes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KWCommercial does not serve as a financial advisor to any party regarding any proposed transaction.

All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data or performance. Any estimates of market rents and/orprojected rents that may be provided to a party do not necessarily mean that rents can be established at or increased to that level. Parties must evaluate any applicable contractual andgovernmental limitations as well as market conditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party withan attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by the party with a title officer or attorney.Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers,architects, contractors, other consultants and governmental agencies. All properties and services are marketed by Jacksonville Southside in compliance with all applicable fair housing and equalopportunity laws.

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors,omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or futureperformance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

PRESENTED BY:

OCALA, FL

http://www.kwcommercial.com


PROPERTY INFORMATION

1 | PROPERTY INFORMATION

EXECUTIVE SUMMARY

PROPERTY DESCRIPTION

PROPERTY DETAILS

COMPLETE HIGHLIGHTS

ADDITIONAL PHOTOS

ADDITIONAL PHOTOS

1PROPERTY INFORMATIONMARION SURGERY CENTER

OFFERING MEMORANDUM


PROPERTY HIGHLIGHTS

PROPERTY OVERVIEWThe Marion Surgery Center is a Florida state licensed, JCAHO accredited outpatient surgical facilityestablished in 2014 and is Ocala’s premier outpatient surgery center providing multi-specialtysurgical care. A new 10 year lease will be executed with 2% increases per year.

Fully renovated in 2014, this state-of-the-art facility has two fully equipped operating rooms and afully staffed injection suite for pain management procedures.

Specialties include; Orthopedic Surgery, Foot & Ankle Surgery, Spine Surgery, Vascular Surgery,Cardiac Surgery, and Pain Management Procedures, and General Surgery.

NEW 10 YEAR LEASE W/2% YEARLY RENTAL INCREASES

FULLY RENOVATED IN 2014

1/2 MILE FROM MUNROE REGIONAL MEDICAL CENTER

HIGH PROFILE FACILITY

ABUNDANT PARKING

NEW ROOF WITH 18 YEAR GUARANTEE

ONE OF THE FASTEST GROWING MARKETS IN FLORIDA

Executive Summary

MARION SURGERY CENTER 1 | PROPERTY INFORMATION

Sale Price: $3,385,500

NOI: $205,346

Cap Rate 6.1%

Lease Term 10 Years

Rent Increases Per Year 2%

Lot Size: 1.0 Acres

Building Size: 7,904 SF

Building Class: A

Ceiling Height: 10.0 FT

Year Built: 2002

Renovated: 2014

Zoning: B2

Cross Streets: Highway 301



PROPERTY DESCRIPTION

The Marion Surgery Center overlooks heavily trafficed Highway 301 with 25,600 cars and trucks per day. Aniconic property, this facility has been recently fully renovated as a Premier Surgery Center.

The property is extremely well maintained and provides abundant parking and easy access for its patients.

LOCATION

Marion Surgery Center is located 1/2 mile from the Munroe Regional Medical Center and is within theprimary ring of medical providers in Ocala. Three of Ocala’s premier hospitals, Munroe Regional MedicalCenter, and Ocala Health System which consists of Ocala Regional Medical Center and West MarionCommunity Hospital, have received nationally recognized awards and are ranked among America’s Top 50Hospitals by HealthGrades, the leading provider of comprehensive information about physicians andhospitals. Ocala's healthcare sector also serves as a leading provider of jobs in Marion County. Ocala’sclose proximity to the University of Florida Health, a teaching hospital, has given the community a wealth ofexpert healthcare providers and researchers with expertise in more than 100 specialty and sub-specialtymedical areas. The area’s strong healthcare system remains a leading reason to relocate, and since 2000,Ocala has seen a 25.3% population increase, one of the highest in Florida.

Munroe Regional Medical Center was founded in 1898 and is a privately-managed facility. The medicalcenter has 421 licensed beds, 2,500 associates, 450 physicians and 1,700 volunteers and is the largestprivate sector employer in Marion County. Munroe admits over 24,000 patients each year, treats over99,000 in three emergency departments, and sees another 51,600 for other outpatient needs. In 2013,Munroe Regional was named one of America’s Top 50 Hospitals for the seventh consecutive year byHealthGrades. The medical center has also been recognized as the Consumer Choice Award winneras Marion County’s most preferred hospital for overall quality and best doctors and nurses for elevenconsecutive years.and recognized as one of "America's Best 50 Hospitals Award" 9 years in a row.

Property Description




PROPERTY NAME: Marion Surgery Center

PROPERTY ADDRESS: 2207 SW 1st Avenue

Ocala, FL 34471

PROPERTY TYPE: Medical Surgery Center

APN: 31015-000-00

LOT SIZE: 1 Acre

BUILDING CLASS: A

ZONING: B2

PARKING SPACES: 32

CROSS STREETS: Highway 301

YEAR BUILT/RENOVATED: 2002/2014

CONSTRUCTION TYPE: Masonry

NUMBER OF STORIES: 1

AVERAGE FLOOR SIZE: 7,904 SF

FOUNDATION: Concrete Slab

NUMBER OF UNITS: 1

ROOF: Newly Intstalled 2014 -Flat/

Membrane

Property Details




Complete Highlights


PROPERTY HIGHLIGHTS

• NEW 10 YEAR LEASE W/2% YEARLY RENTAL INCREASES

• FULLY RENOVATED IN 2014

• 1/2 MILE FROM MUNROE REGIONAL MEDICAL CENTER

• HIGH PROFILE FACILITY

• ABUNDANT PARKING

• NEW ROOF WITH 18 YEAR GUARANTEE

• ONE OF THE FASTEST GROWING MARKETS IN FLORIDA



Additional Photos




LOCATION INFORMATION

2 | LOCATION INFORMATION

REGIONAL MAP

LOCATION MAPS

AERIAL MAP

RENT ROLL

TENANT PROFILES

2LOCATION INFORMATIONMARION SURGERY CENTER

OFFERING MEMORANDUM


2207 SW 1st Avenue

Regional Map

MARION SURGERY CENTER 2 | LOCATION INFORMATION



Location Maps




Aerial Map



Rent Roll


TENANTNAME

UNITNUMBER

UNITSIZE (SF)

LEASESTART

LEASEEND

YEARLYINCREASE

ANNUALRENT

% OFBUILDING

PRICEPER SF/YR

Marion Surgery Center 7,904 12-01-2017 11-30-2027 2% $205,346 100.0 $25.98

Totals/Averages 7,904 $205,346 $25.98




•

Tenant Profiles


Marion Surgery Center

Marion Surgery Center is a Florida state licensed, JCAHO accredited outpatient surgical facility established in 2014.

On target to do nearly 1,400 procedures in 2017, this fast growing surgery center has quickly become one of the topoutpatient surgery facilities in Ocala.

Nine well respected Physicians provide services for Orthopedic, Foot & Ankle, Spine, Vascular, Cardiac, Pain Management,and General Surgery.



DEMOGRAPHICS

3 | DEMOGRAPHICS

DEMOGRAPHICS MAP

ADVISOR BIO & CONTACT 1

3DEMOGRAPHICSMARION SURGERY CENTER

OFFERING MEMORANDUM


Demographics Map

MARION SURGERY CENTER 3 | DEMOGRAPHICS

1 Mile 3 Miles 5 Miles

Total Population 3,498 36,449 80,405Population Density 1,113 1,289 1,024Median Age 45.9 38.8 39.6Median Age (Male) 44.6 38.0 38.0Median Age (Female) 46.1 39.4 41.0Total Households 1,467 14,153 31,181# of Persons Per HH 2.4 2.6 2.6Average HH Income $73,618 $59,425 $59,367Average House Value $433,924 $288,046 $255,467



T 904.759.1674C [email protected] #BK3249744


Jacksonville, FL 32216

Investment DirectorLARRY WALSHAW

Advisor Bio & Contact 1

MARION SURGERY CENTER 3 | DEMOGRAPHICS

Professional Background

Mr. Walshaw is a seasoned veteran in the medical real estate industry. Since 1985, Larry has sold, leased, and developed over $2+billion dollars in the commercial real estate market.

KW Commercial conducted $5.6 Billion in real estate transactions in 2016 and is the commercial real estate arm of Keller-Williams, thelargest residential real estate company in the United States. Larry specializes in Medical Investment Sales and Leasing.

Larry advises physicians and medical property investment owners with ongoing operations who wish to capitalize on high buyer activityin the medical investor market with sale-leasebacks and multi-tenant medical occupied properties.

Mr. Walshaw conducts business with National REITS and Wealthy Investment entities who are buying multi-tenant and single usemedical properties throughout the United States, at record pace and at top of market prices.

In 2000, Larry founded Business Condos USA, a commercial real estate development firm specializing in the ground up developmentand sale of business condominiums, a $200+ million enterprise, which he subsequently franchised nationally in 2005. Larry built nearly 1million sq. ft. and Business Condos USA became one of the leading national developers of business condominiums across the country,twice being nominated as Developer of the Year by the National Association of Industrial and Office Properties Association (NAIOP).Business Condos USA was previously ranked as the 4th largest developer in North Florida.

As a previous Johnson & Johnson Surgical rep. following college, Larry understands the demands placed on Physicians. Larry is anexperienced executive with extensive investment brokerage sales, development, marketing, and finance within the commercial realestate industry. He’s routinely been recognized as a top producer locally and nationally, earning numerous top 10 power broker awardsand top 50 national broker awards as a previous franchisee of Sperry Van Ness, a national commercial real estate firm, where heconsistently placed in the top 15 of Jacksonville’s commercial real estate firms.

Larry is a licensed Florida Real Estate Broker, and has a commercial 220 Florida insurance license. A 1982 graduate of the University ofTennessee, Larry lives in Atlantic Beach, Florida with his wife Michelle of 31 years. He enjoys golfing, surfing, jet skiing, and the beach.

Larry may be reached at 904-759-1674 or [email protected]

Education

University of Tennessee - Major Political Science

Minor - Business

Florida Real Estate Broker License

Florida 220 Property & Casualty Insurance License


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