Matthews™ is pleased to exclusively present the opportunity to acquire a ±31,633-square-foot outpatient medical campus leased to Ascension Sacred Heart Health System, the leading healthcare provider in Northwest Florida and a subsidiary of Ascension. The Property consists of three buildings dedicated to orthopedic and musculoskeletal care within Pensacola’s primary healthcare corridor.
The investment is secured by a recently extended lease through May 2031 with 3% annual rental increases, providing attractive contractual rent growth and stable cash flow through a modified net lease structure.
Ownership has invested approximately $500,000 in recent capital improvements, including roof replacements, HVAC upgrades, fire protection enhancements, and parking lot resurfacing. Ascension has also invested approximately $750,000–$800,000 into the renovation of Building 4551, reducing near-term capital requirements and reinforcing its commitment to the campus.
Located less than two miles from Ascension Sacred Heart Hospital and the new Baptist Hospital campus, the Property serves as a key orthopedic and specialty outpatient location with approximately 48 exam rooms and nearly 30 providers, creating a highly strategic facility that would be costly and operationally disruptive to replicate.