By eporter on February 9, 2023
15-Year STNL Medical Office Building Portfolio (4) with Leading Independent Midwest Eye Care Provider
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Investment Highlights:
- Three (3) MOBs with one (1) ambulatory surgery center (ASC), and one (1) administrative building, totaling ±31,893 rentable square feet.
- 100% leased to Whitewater Eye Centers, an established eye care provider with a strong regional brand, patient census data, and financial profile.
- Portfolio average historical occupancy is equal to eighteen (18) years.
- All but one property is located within 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 broker and limited partner (LP) investor that delivers exceptional value for private and institutional real estate owners and managers throughout the United States. Madison Street Group and its partners specialize in investment sales, LP investments, acquisitions support, property management, leasing, and financing. To date, the Madison Street Group team has completed over $680 Million in transaction volume across 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 encourages its clients and partners to build on this passion as well. As such, charity is at the forefront of Madison Street Group’s 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 we can support your commercial real estate holdings or interests, please do not hesitate to reach out. Kyle Seychel Scott ModicManaging Director Associate E: kyle.seychel@madisonstgroup.com E: scott.modic@madisonstgroup.com Madison Street Group535 N Michigan Ave STE 401 Chicago, IL 60611 www.madisonstgroup.com |
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Posted in Breaking News, Companies & People, Outpatient Projects, Transactions
