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).