The complex houses an ambulatory surgery center operated bySymbion Healthcare, as well as outpatient care facilities, in74,518 sf of space spread through two buildings. The property wasbuilt in three phases from 2001-03, and is 100% leased, saysMichael Black, director of finance for DeSanto.

"This is an asset class that's a little out of our area," Blanktells GlobeSt.com. "But we view this as a very favorable property,the asset offers a very stable cash flow, with most of the tenantswith 10-year leases." He says the complex is 95% leased, but is100% guaranteed. The doctors that lease space in the building arethe sellers of the property, and though there's 3,690 sf of vacantspace, the deal included that the doctors would pay the lease forthat space until it is filled. "Many of the doctors in the buildingare also investors in Symbion, they have a vested interest to wantto stay there," Blank says.

He says there's incredible demand for medical office in thearea. "This is a very solid corridor where all the growth is inWichita. There are many other medical facilities in the area,including a heart and spine hospital. The source of real success isthe Symbion center, which handles about 7,000 cases a year," Blanksays.