CHICAGO, IL – June 25, 2019 – STREAM Capital Partners, LLC, a national net lease and sale-leaseback advisory group, has arranged the $12.5 million sale of Ascension Health in Nashville, Tennessee.
The tenant showed forward commitment 15 months in advance of delivery. The off-market deal was a collaborative effort between the seller and STREAM Capital Partners.
Said Shtulman of the transaction, “The Ascension Health – St. Joseph transaction was a forward commitment twelve months in advance of rent commencement, which was a benefit to both parties”.
Shtulman continued, “The seller was able to lock in an aggressive cap rate twelve months in advance of rent commencement while the buyer was able to lock in an incredible piece of property leased to a financially stable medical operator under a long-term lease.”