News

BNL Property Acquisition: Stanislaus Surgical Hospital

Broadstone Net Lease has acquired a Modesto-California based acute care hospital and adjacent medical office building leased to Stanislaus Surgical Hospital, LLC (Stanislaus) via lease assumption.

The property includes a 52,000 square foot hospital and a 15,000 square foot medical office building. The hospital is comprised of eight operating rooms, three treatment rooms, and 23 inpatient beds. Both buildings are held under one master lease with a remaining term of over 14 years.

  • Closing Date: July 15, 2016
  • Square Footage: 61,965
  • Lease Type: Triple-net
  • Lease Length:  14 years
  • Broker/Source: Jeff Matulis/Stan Johnson Co.

Note: The brand listed may not represent BNL’s actual tenant but a lease guarantor, tenant franchise or a D/B/A (doing business as).