Category: Full-Cycle Investments
Muskogee Hospital, located in Muskogee, Oklahoma, is an approximately 37,000 squarefoot, one-story long-term acute care hospital (LTACH).* Built in 2006, the property has 41 beds, with the option to add 10 more beds as needed. The property sits on 3.7 acres of land and benefits from its close proximity to Muskogee Regional Medical Center, Jack C. Montgomery Veterans Affairs Medical Center and Muskogee Community Hospital.
The property is currently 100 percent leased to Solara Hospital Muskogee, LLC. The lease is guaranteed by its operator, Solara Healthcare, LLC under a 15-year absolute net lease, which does not expire until 2021. Muskogee Hospital benefits from the operational resources of its operator, who currently operate six other medical facilities in the surrounding areas that focus predominantly on long-term acute care. Muskogee Hospital is the sole LTACH within an approximately 40 mile radius.