2721 Del Prado Blvd S
Cape Coral, FL 33904

Cushman & Wakefield’s Healthcare Advisory Practice is pleased to present the Cape Coral Surgery Center located in Cape Coral, Florida. The subject property is a 39,142-square-foot, multi-tenant medical office building that is currently 95 percent occupied by nine medical tenants. All leases are triple-net (NNN) in nature with minimal landlord responsibility. The building has enjoyed long-term stable occupancy of multiple medical specialties since opening in 1995. The property features an excess plot of land totaling 36,675 square-feet that can be purchased additionally, which makes the combined lot size 4.36 acres. Anchoring tenants include a 15,756-square-foot surgery center, three 21st Century Oncology tenants who occupy a total of 5,951-square-feet, and Kagan Jugan & Associates, Inc. who occupies two suites in the building. The surgery center is partnered with Surgery Partners, Inc, a 1.04 billion company that recently acquired Symbion for $792 million in 2014. 21st Century Oncology is the premier provider of cancer care services across multiple modalities, the largest radiation oncology provider and one of the largest groups of urologists in the U.S. It operates 183 treatment centers, including 147 centers located in 17 U.S. states. Kagan Jugan & Associates is a local orthopedic care group that has two offices in Southwest Florida – Cape Coral and Fort Myers. The group offers an extensive list of orthopedic services revolving around the hand, hip, knee and shoulder. The surgery center features five Class C operating rooms which provide for major surgical procedures that require general or regional block anesthesia and support of vital bodily functions. The subject property is located in the heart of Cape Coral, between the two southerly bridges that connect Fort Myers to Cape Coral. Del Prado Boulevard is the main north-south business artery in Cape Coral which gives the property high visibility and high traffic counts. Located 4.6 miles from the subject property is Lee Memorial owned Cape Coral Hospital, which features the area’s largest emergency department. In 2012, the US Government opened the 220,000-square-foot Lee County VA Healthcare Center that is located seven miles north of the subject property. The five-mile population surrounding the location is 169,275 residents with the area expecting a 6.90 percent (11,682 residents) increase in population within the next five years. Average household income within a one-mile radius of the property is $68,315.