Rise of Ambulatory Surgery Centers an Example of How Healthcare is Evolving to Meet Consumer Preference for Options and Convenience
CBRE announced today that it recently completed the $4 million sale of the Dry Creek Ambulatory Surgery Center located at 135 Inverness Drive East in Englewood, Colorado. CBRE’s Dann Burke and Naum Nasif represented the seller, an institutional owner. The buyer, a confidential investor, purchased the 20,046-square-foot medical office building in a sale that closed Aug. 8, 2018, and will continue to operate the property as a neighborhood surgery center.
“While sometimes buildings designed for very specific uses can sit on the market, in this case the property was well-positioned for the buyer’s intended use and allowed for the new physician’s practice to open for business quickly with few modifications,” said Naum Nasif, Senior Associate with CBRE’s Healthcare Services in Denver.
Ambulatory Surgery Centers (ASCs) are healthcare facilities that provide surgery services outside of a hospital setting. They are frequently physician-owned or jointly owned with a local hospital.
“The emergence of ambulatory surgery centers is another example of how healthcare is evolving to meet the needs of consumers. For some patients, the convenience of operating close to home and having flexibility in scheduling is very attractive. As the baby boomer generation continues to age, we anticipate demand for healthcare services, and thus healthcare-related real estate, to continue to rise,” added Dann Burke, First Vice President with CBRE’s Healthcare Services in Denver.
Built in 2000, the Dry Creek Ambulatory Surgery Center features six operating rooms, two procedure rooms, four convalescent care rooms as well as pre-op and post-op areas. The building is located adjacent to a separate 57,000-square-foot Class A medical office building, and a contiguous 3.87-acre parcel is also approved for medical zoning.
Located at the corner of South Havana Street and East Dry Creek Road in south metro Denver, the Dry Creek Ambulatory Surgery Center is within walking distance to hotels, restaurants, shops and the Dry Creek Light Rail Station. Cushman & Wakefield’s Stuart Thomas represented the buyer.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
