Redding Endoscopy Center 2179 Court St 6,781 SF Office Building Redding, CA 96001 $7,258,784 CAD ($1,070.46 CAD/SF) 6.47% Cap Rate

ERE Healthcare Real Estate Advisors (“ERE Advisors”) exclusively represents ownership in the sale of the Redding Endoscopy Center ("Redding Endoscopy" or the "subject property"), a premier ambulatory surgery center.
The mission critical facility consists of 6,781 square feet and is located in Redding, California. Redding is approximately 2 hours north of Sacramento and boasts a county population in excess of 180,000 residents, making it a business and healthcare hub in Northern California. The property is strategically located within Redding’s primary medical corridor, less than 1 mile from 2 major hospitals - Shasta Regional Medical Center and Mercy Medical Center Redding.
The state-of-the-art surgery center houses 3 AAAHC operating rooms, making it a high-volume operation and the only gastroenterology-focused ASC within a 50+ mile radius. Although the associated practicing physicians have served the community for over 30 years, the subject property was constructed in 2017, eliminating any near-term deferred maintenance.
Redding Endoscopy Center is home to 5 highly-trained gastroenterologists, providing diversification in revenues. This local dominance attracted the interest of AMSURG, a leading national operator of ASC’s, validating the operation and bolstering its growth prospects with corporate management support.
Upon closing, the selected purchaser will assume the existing lease with GASTRENTEROLOGY ASSOCIATES ENDOSCOPY, LLC. The lease featuring approximately 6.5 years of remaining term, a NNN lease structure with limited Landlord responsibilities, annual rent escalations based on the Consumer Price Index (CPI-U), and a current NOI of $336,232.