10117 N 92ND ST #103 Scottsdale AZ 85258

Marcus and Millichap is pleased to offer the opportunity to acquire 10117 N 92nd Street, Suite 103, Phoenix, AZ (the “Property” or “Asset”), a +/- 4,934 square foot class A outpatient ambulatory surgical center (“ASC”) located in North Scottsdale and Paradise Valley’s preeminent medical corridor and adjacent to Honor Health’s Scottsdale Shea Medical Campus.

This generational piece of real estate is subject to a new 10-year NNN lease to Desert Vista Surgical Center, LLC, with a rent commencement on September 1, 2022. The lease features 3% annual increases and two (2), five (5) year renewal options at the greater of the then previous year’s rent or 95% of FMV, with 3% annual increases throughout the renewal periods. Desert Vista Surgical Center is majority owned by Banner Atlas. Banner Atlas was formed in 2018 as a joint venture between Banner Health and Atlas Healthcare Partners. In May 2022, Banner Health took an additional step of purchasing an undisclosed amount of Atlas Healthcare Partners further emphasizing the success of the partnership and operation. Headquartered in Phoenix, Arizona, Banner Health is one of the largest health care systems in the country and the largest healthcare provider in Arizona. They are also the largest private employer in Arizona and carry a S&P AA- investment grade credit rating.

Desert Vista Surgical Center, LLC leases the entire +/- 4,934 square feet at the Asset, with current ownership having recently completed a significant $2 million build-out for the tenant. Operating under Banner Atlas, this location specializes in various services including Cardiovascular Disease, General Surgery, Interventional Pain Management, Pain Medicine, Regenerative Medicine, Thoracic Surgery, Sports Orthopedics, and General Orthopedics.

STATE OF THE ART FACILITY

Desert Vista Surgical Center is rated to the highest level of Medicare certified ASCs. This newly built-out, state of the art facility includes:

• Two (2) Class C (highest rated) Operating Suites

• Seven (7) Pre-Op and Recovery Spaces

• Medical Prep and Sterilization

• Lab Space

• Supplies Room

• Mechanical, Electrical, and Gas Storage Rooms

• Restrooms, including a shower and locker areas

• Various Staff Workstations and Offices

• Beautiful Reception / Waiting Area

• An emergency backup generator which is owned and maintained by the tenant