KB Exchange Trust is pleased to offer a single tenant, net-leased medical property structured as a Delaware Statutory Trust (DST). This triple-net leased property consists of 18,827 square feet of clinical medical space and an 8,003 square foot surgical center, totaling 26,830 square feet of leasable space. The property has stipulated rental increases over the anticipated holding period and the Trust has obtained a non-recourse loan at 3.60%. This $5,270,000 non-recourse loan (44.77% LTV) is structured on a 10-year term with 48 months of interestonly payments.
The Amarillo metropolitan area will surpass 310,000 people in 2020. Amarillo is considered the regional economic center for the Texas Panhandle, eastern New Mexico, and the Oklahoma Panhandle. The city has events and attractions honoring the cowboy and Texas culture. This September, Amarillo will celebrate the 100 year anniversary of the Tri-State Fair & Rodeo bringing participants mostly from Oklahoma, New Mexico and Texas. Globe-News Center for the Performing Arts, which opened in 2006, houses the Amarillo Opera, Amarillo Symphony, and Lone Star Ballet concerts. The facility, located just across the Amarillo Civic Center which features a 1,300 seat auditorium.
Advanced Pain Care is a multi-specialty provider of solutions for acute and chronic pain. Founded in 2002, APC conducts 120,000 patient visits annually among their 17 physicians and 319 employees across 11 pain clinics and 2 surgery centers throughout Texas. Specialists include neurosurgeons, rheumatologists, addictionologists, anesthesiologists, behavioral health professionals, and physical therapists. Treatment options include spinal fusions, spinal cord stimulation, targeted nerve injections, radio frequency ablation (RFA), joint injections, epidurals, physical therapy, medication, various forms of psychological support, and surgery. The patient-centric, hands-on approach has consistently produced successful outcomes, resulting in steady expansion to accommodate a growing patient base.
|Annual Revenue||$50 Million|
|Number of Employees||319|