HFF, on behalf of the owner, is marketing Parkway Medical Plaza for sale. Parkway Medical Plaza (PMP) is an 86,729-square-foot (88,958 per BOMA re-measurement), institutional-quality medical office building located in Henderson, Nevada, the most desirable suburb in the Las Vegas MSA. This Class A asset has attracted a diverse and synergistic tenant roster with desirable local amenities and ample parking, offering high-acuity services such as an ambulatory surgery center, imaging, nephrology, pathology, internal medicine, family medicine, primary care, rehabilitation, OBGYN, physical therapy, laboratory and stem cell therapy.
Parkway Medical Plaza is located at 100 N Green Valley Parkway within Henderson’s Green Valley community, a highly dense and affluent master planned community. Located three miles from Dignity Health – St. Rose Dominican – Siena Hospital, the medical office property for sale is highly visible from Interstate 215. The immediate five-mile radius encircling the property boasts a population that totals over 300,000 residents, projected to grow by 7.04 percent by 2022, outpacing the 5.86 percent growth expected for greater Las Vegas. Henderson has been the recipient of numerous recent awards, including being named "America’s Second-Safest City" (Forbes), One of the "Best Cities to Live in America" (Bloomberg Businessweek) and, most notably, is the seventh highest per-capita income in the United States.
PMP is anchored by Parkway Surgery Center and DaVita HealthCare Partners. Parkway Surgery Center is a joint venture between not-for-profit Dignity Health – St. Rose Dominican (S&P: A) and United Surgical Partners International (USPI), which is majority owned by Tenet. USPI is the nation’s largest ambulatory surgery provider. The other 11 tenants within PMP often refer patients to one another and offer high acuity services that includes, imaging, nephrology, pathology, internal medicine, family medicine, rehabilitation, OBGYN, physical therapy, primary care, and stem cell therapy. In addition to the appealing referral base, tenants have been attracted to PMP because of its prominent highway visibility, location near Dignity Health – St. Rose Dominican – Siena Hospital, ample parking (5.11 per 1,000), numerous restaurants and other amenities in walking distance, proximity to The District at Green Valley Ranch and desirable demographics. A new owner has the opportunity to enhance value in a variety of ways, including continuing the current owner’s program of converting the in-place tenants to triple net leases while leasing the remaining 11 percent currently vacant space in a landlord favorable submarket.
For more information on Parkway Medical Plaza or other properties for sale in and around Las Vegas, please contact Jules Sherwood. To view HFF’s current real estate investment listings, please click here to be directed to HFF’s property search page. HFF's healthcare group advisors have experience in securing transactions for all types of healthcare real estate assets, including medical office buildings in the western United States. For more information on other healthcare properties for sale in the western United States, contact Evan Kovac or Andrew Milne.
Jules Sherwood is a licensed real estate broker in the state of Nevada, along with Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp (collectively, “HFF”).