Listed by Hunter Real Estate
$10,500,000
Saak Health MOB
Details
Property Type Office
Sub Type Medical Office
Square Footage 24,577
Cap Rate 6.80%
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $427
Class A
Year Built 2007
Year Renovated 2024
Strategically positioned asset with strong frontage and accessibility in a premier suburban market.
Marketing description
Hunter Real Estate, Jennifer Stein Real Estate, Inc and Brown Gibbons Lang & Company (BGL) have been retained by ownership to offer qualified investors the opportunity to acquire the fee simple interest in the SAAK Health Medical Office Building (the “Property”).
The multi-tenant MOB is located in Brookfield, Wisconsin and consists of 24,577 square feet. The Property was purchased by SAAK Health in 2022 and underwent an expansion and extensive renovations which were completed in 2024.
The 100% leased facility boasts a weighted average lease term (WALT) of 8.3 years and is anchored by SAAK Health, one of the predominant independent cardiology practices throughout Waukesha county, which accounts for 63% of the GLA
SAAK Health’s footprint at the Property includes a newly built, state-of-the-art ASC (34% GLA) and a meticulously maintained clinic (29% GLA), offering specialization in cardiology, wound care, women’s health, and family medicine.
The transaction contemplates SAAK executing a new 12-year NNN lease with 3.0% annual escalations upon Closing, providing an investor with long-term, stable cash flow in the third most populous county in Wisconsin
Investment highlights
- Walt 8.3 Years
- Anchor/Leaseback Tenant Saak Health
- Anchor Lease Sq. Ft. / Gla 15,425 Sq. Ft. / 63% Gla
- Anchor Lease Term 12 Years
Listing Contacts
Listed by Hunter Real Estate
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