SCOTTSDALE, Ariz., Dec. 5, 2016 /PRNewswire/ — The Foxhill Medical Center is a 52,000 square foot three-story medical office building featuring medical and dental suites with superior amenities. This property was renovated in 1998, and major exterior enhancements were completed in 2016. The property features excellent visibility from I-435, the major arterial beltway in metropolitan Kansas City, and is strategically located within a prime medical corridor in close proximity to several major hospitals and surgical centers.

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Overland Park is home to over 3,800 local and national businesses, including the global headquarters of Sprint Corp., YRC Worldwide Inc., and Black & Veatch. Overland Park’s corporate growth is complimented by its consistent population growth over the last decade and attractive entertainment amenities, which have established this Kansas City suburb as a desirable destination to both live and work.

“We are pleased to have developed a deep pipeline of off-market and limited market high-quality medical office buildings,” said David Lynn, PhD, CEO of Everest Medical Core Properties. “Foxhill Medical Center is a great addition to our growing portfolio of institutional-quality medical commercial properties.”

Key Deal Highlights

• ­Premier Overland Park location with easy access to I-435, the region’s major thoroughfare with over 140,000 cars per day.
• ­97% occupied with the majority of current leases featuring annual rent bumps and personal guarantees.
• ­4.5 years weighted average remaining lease term.
• Attractive submarket with only 2% vacancy and strong absorption.

About Everest Medical Core Properties

Everest Medical Core Properties is an institutional real estate manager focusing on medical core real estate properties across the United States. Its mission is to provide high current and total returns to institutional and individual investors by acquiring high-quality medical office properties throughout the country. Everest offers more than 100 years of combined Principal commercial real estate and finance experience with major companies including AIG, Avalon Bay, Cole Capital, Healthcare Trust of America and Simon Property Group. For more information on Everest Medical Core Properties, visit www.everestmcp.com or contact us at 132154@email4pr.com .

Media contact:
Mark Luger
480-291-3502

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/everest-medical-core-properties-acquires-foxhill-medical-building-300372915.html

SOURCE Everest Medical Core Properties