KU Health, Stormont Vail, Balance Hearing & PT, Tallgrass Pharmacy
Date Acquired
November 2019
Date Sold
December 2020
THE ASSET
27,060 SF class A medical office building anchored by KU Health and Stormont Vail - the two, most dominant health systems in the state of Kansas.
THE OPPORTUNITY
Acquired a best-in-market stabilized asset with major health system tenancy.
Created value through amending/extending KU Health lease for an additional 10 years of firm term.
Additional 1.5 acres of developable land included with the acquisition.
THE RESULT
Successfully executed lease extension with KU Health within sixty days of owning the property.
Maintained & improved the asset with several capital projects including new parking lot, lighting, and building signage.
After we created value through the lease extension and capital projects, we sold the asset to a national private institutional healthcare investment firm.
