Berkadia’s Medical and Life Sciences is pleased to exclusively offer Methodist Hospital Northeast Plaza II (the “Property”), a new construction, Class A, on-campus medical outpatient building totaling 73,005 square feet. The recently completed three-story Property includes a four-OR ambulatory surgery center (ASC) and is located on the campus of the 116-bed Methodist Hospital Northeast in Live Oak, Texas in northeast San Antonio. Methodist Hospital Northeast has recently undergone over $86 million of expansions and renovations and was named ‘Best Hospital’ in San Antonio for the fourth consecutive year by San Antonio Express-News.

The Property is 100% leased to an exceptional roster of high-caliber medical tenants including 73% direct occupancy by Methodist Healthcare, a 50-50 co-ownership between Methodist Healthcare Ministries of South Texas, Inc., and HCA Healthcare (Moody’s: ‘Baa3’) for uses including ASC, general surgery, and cardiology. Additional tenants at the Property include Sports Medicine Associates of San Antonio (SMASA), Northeast Pulmonary & Sleep Associates, and Virtuosa GYN.

With 8.9 years of weighted average remaining lease term (WALT) under triple net leases and contractual annual escalations averaging 2.54%, Methodist Hospital Northeast Plaza II offers a rare opportunity for investors to acquire a true Class A, health system-anchored, on-campus outpatient medical asset in an attractive and growing top 25 metropolitan area. The Property is offered free and clear of existing debt, and is subject to a long-term ground lease.