Cleveland, OH – February 1, 2017 – Brown Gibbons Lang & Company (BGL) is pleased to announce the sale of Las Cruces Orthopaedic Associates (the “Property”). The Property is a modern, state-of-the-art, minimally invasive surgical and imaging center that is 100% leased and occupied by Las Cruces Orthopaedic Associates. BGL’s Healthcare Investment Sales team served as the exclusive advisor to the sellers in the transaction.
The Property consists of approximately 15,716 rentable square feet and is conveniently located in Las Cruces, New Mexico, one of the fastest growing cities in the United States with a county population of approximately 215,000 residents and a combined statistical area of over 1 million residents.
Las Cruces Orthopaedic Associates, which is comprised of four fellowship-trained physicians, is one of the top providers of comprehensive orthopaedic care in the southwest United States and one of the largest orthopaedic groups in Southern New Mexico. The Facility is equipped with advanced imaging equipment including two digital X-ray machines and two 1.5 Tesla MRI scanners. Additionally, Las Cruces Orthopaedic Associates is home to the only board certified Spine Surgeon in the state of New Mexico.