Whitewater Eye Centers Real Estate Portfolio:
Madison Street Group is pleased to announce the sale of the Whitewater Eye Centers Real Estate Portfolio located in Indiana (3) and Ohio (1) to Montecito Medical Real Estate.
Investment Highlights:
§ The Portfolio consists of three (3) MOBs with one (1) ambulatory surgery center (ASC), and one (1) administrative building, totaling ±31,893 rentable square feet.
§ The Portfolio is 100% leased to Whitewater Eye Centers, an established eye care provider with a strong regional brand, patient census data, and financial profile.
§ The Portfolio average historical occupancy is equal to eighteen (18) years.
§ All but one of the properties are located less than a mile from a Reid Health hospital.
§ The Portfolio sits between four (4) major Indiana and Ohio MSA’s including Indianapolis, Dayton, Cincinnati, and Columbus.
§ Strong tenant investment: Whitewater Eye Centers has contributed over $1.4M to building improvements and FF&E in the last four (4) years.
About Madison Street Group:
Madison Street Group is a commercial real estate brokerage and limited partner (LP) investment firm that delivers exceptional value for private and institutional real estate owners and investors throughout the United States. Madison Street Group and its partners specialize in investment sales, investments, acquisitions support, property management, leasing, and specialty financing. The Madison Street Group team has completed over $680M in transaction volume in 42 states.
Madison Street Group’s Charitable Commitment:
Madison Street Group approaches its commitment to charity with the same enthusiasm and creativity with which it approaches its business. The Madison Street Group team is dedicated to improving the communities where it lives and works, and the firm encourages all of its clients and partners to build on this passion as well. As such, Madison Street Group’s commitment to charity remains at the forefront of its corporate accountability agenda. Through the firm’s charitable vehicle, Global Charitable Partners, 5% of the fees earned by Madison Street Group from the Whitewater Eye Centers Real Estate Portfolio Sale have been pledged to charity.
——————-
For more information, or if the Madison Street Group team can help with your commercial real estate holdings or pursuits, please do not hesitate to reach out.
Kyle Seychel
Managing Director E: kyle.seychel@madisonstgroup.com
Madison Street Group
535 N Michigan Ave STE 401
Chicago, IL 60611 www.madisonstgroup.com
The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE
