The Rembrandt Surgery Center Portfolio
Three Property Surgery Center/ Medical Office Portfolio | Long Term WALT
Marketing description
Institutional Property Advisors, a division of Marcus & Millichap, is pleased to offer for sale The Rembrandt Surgery Center Portfolio. The Rembrandt Surgery Center Portfolio offers investors the opportunity to acquire a fully stabilized, fee simple medical portfolio anchored by long duration, mission critical healthcare tenancy. The three property Portfolio includes two Class C ambulatory surgery centers and one pain management clinic located in North Scottsdale and Mesa—submarkets defined by strong demographics, high patient demand, and limited medical supply.
All assets will be delivered with long term NNN leases featuring 3% annual rent escalations and renewal options designed to maintain long term market alignment. The structure provides passive, inflation resistant income with minimal landlord responsibilities, appealing to both institutional and private capital seeking durable yield.
The Portfolio was previously operated under the Pain Experts of Arizona platform, which became part of Desert Spine & Sports Physicians in Q2 2026. This partnership significantly expanded the combined platform's regional presence and clinical capabilities.
With the addition of the two Class C surgery centers in this Portfolio, Desert Spine now operates three total ambulatory surgery centers across the Valley. The three pain management clinics previously within The Pain Experts network, one of which is included in the offering portfolio, bring Desert Spine's total to nine pain clinics, creating a robust referral ecosystem that consistently feeds patient volume into the surgery centers.
Desert Spine & Sports Physicians is a board certified, highly regarded practice with nearly two decades of brand equity, a deep bench of fellowship trained specialists, and a reputation for clinical excellence. Their multi site footprint, diversified service lines, and strong patient demand reinforce the credit quality and operational stability behind the tenancy.
Investment highlights
- 100% leased, fee simple ownership with long term NNN leases and a 9.7 year WALT
- 3% annual rent escalations, supporting predictable, long term NOI growth
- Mission critical medical use across surgery centers and pain clinics
- Three ASCs and nine pain clinics within the operator's integrated regional platform
- Premier and high growth Phoenix submarkets with strong demographic tailwinds
- Established, expanding operator with a proven track record and multi location scale
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