Gulf Plains Medical Office Building Portfolio
Category: Medical Office Buildings
The Gulf Plains Medical Office Building Portfolio is comprised of two medical office buildings, Memorial Hermann Imaging Center and Amarillo Heart Center.
The Memorial Hermann Imaging Center is a two-story building consisting of approximately 30,000 square feet. The facility is fully leased by Memorial Hermann Health System through 2019. Memorial Hermann is the largest not-for-profit healthcare system in Texas and serves the Greater Houston community through 12 hospitals, a vast network of affiliated physicians and numerous specialty programs and services.
The Amarillo Heart Center is a single-story building comprised of 58,000 square feet located in close proximity to Baptist St. Anthony Health System, Northwest Texas Healthcare system, and Texas Tech University Medical Center. The building was originally built in 1997 and later expanded and refurbished in 2007. Amarillo Heart Group LLP has completely lease the property through May 2023 with an option to extend the lease an additional 10 years. The lease allows for annual rent escalations of four percent and is guaranteed by eight of the physician partners of Amarillo Heart Group.