Project Details

 
 

State of the art OSHPD Level 3 facility built in 2007

3-Story, 66,000 square foot facility houses a diagnostic imaging center, non-invasive vascular lab, infusion center, endoscopy services and a pharmacy

Construction / Permanent debt to construct on a build-to-suit basis and own the facility long term

UC Davis and Mercy/Catholic Healthcare West provided 100% pre-leased credit tenancy

Unique financing / leasing structure in which tenants’ base rent was ultimately tied to total construction cost and ongoing interest expense on the debt financing.  Developer and lender mitigated their risk by tying the rent to the all-in interest rate at closing.

 

Placer Center for Health