Utah Surgical Center

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to offer for sale the fee simple interest in the 23,934-square-foot Utah Surgical Center Medical Outpatient Building ("Utah Surgical" or "the Property") in West Valley City, Utah, an infill location in the Salt Lake City-Murray Metropolitan Statistical Area (“Salt Lake City MSA”). The Property is 81 percent occupied by one tenant featuring a four-OR ambulatory surgery center (“ASC”) operated by Wasatch Front Surgery Center, LLC (“Utah Surgical Center” or “USC”), a joint venture between HCA-owned Hospital Corporation of Utah and physicians that are in large part affiliated with HCA’s MountainStar Healthcare or Granger Medical Clinic. HCA, rated BBB- by S&P Global, is the largest health system in the United States with 186 hospitals and $53.6B of net patient revenue through Q3 2024. Granger Medical Clinic (“Granger”) is one of the largest independent, physician-owned medical clinic groups in Utah with over 170 physicians across 28 locations including their newly constructed flagship location just around the corner in West Valley City.

Strategically located 10 miles southwest of the Salt Lake City CBD, the Property was originally a build-to-suit for USC who recently extended its lease through the end of 2030. USC currently occupies 81 percent (19,327 SF) of the Property.

The offering is an exceptional opportunity to acquire a medical outpatient building with an ASC operated by the largest health system in the United States and with many physician partners that are affiliated with one of Salt Lake City’s largest physician groups. The building features fee simple ownership and is available free and clear of debt.