7974 UW Health Ct - Medical FOR SALE


Middleton, WI 53562
$41,817,000 USD
949-547-2213

NO PHOTO

$41,817,000 USD
Medical - FOR SALE
null | 5.74% Cap Rate

7974 UW Health Ct
Middleton, WI 53562


HIGHLIGHTS

  • Investment Grade Tenant (S&P: AA-) | Over 20 Years Remaining | Annual Rental Increases
  • NNN Lease | Fee Simple Ownership | Limited Landlord Responsibilities | Ideal for Trust Planning
  • University of Wisconsin-Madison (50,000 Students) | Centralized Location | UW Health University Hospital (505 Beds)
  • Strong Synergy with University of Wisconsin and Related Businesses | Great Demographics in 5-Mile Trade Area
  • Nationally Recognized Integrated Health System | 775,000 Patients Annual Patients | Over 1,750 Physicians
  • Unique CTL Zero Cash Flow Financing Included | Tax Advantages and Passive Equity Growth

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an ideally located, four story office building, 100% occupied by a single user UW Health Administrative Services. The lease is 100% guaranteed by the University of Wisconsin Hospitals and Clinics Authority who has a top tier investment grade rating of S&P AA-. The tenant has occupied the property since 2008 and recently signed a new long-term lease demonstrating their commitment to the site, along with significant capital improvements to the building. The lease features annual rental increases throughout the initial term and option periods and is on a NNN lease structure with tenant paid monthly reserves for future capital expenditures. Additionally, the asset includes a Credit Tenant Lease (CTL) zero cash flow financing to be assumed, which also includes the paydown/readvance feature allowing 1031 exchange investors to pull cash out from the transaction. The loan is non-recourse and is a rare new CTL financed loan in today’s market.

FOR SALE DETAILS

PRICE

$41,817,000 USD

PRICE/SF

$211 USD /SF

CAP RATE

5.74%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

University of Wisconsin Health ZCF

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

A

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

1031

LAND DETAILS

LAND ACRES

11.07 AC

LAND SF

482,209 SF

ZONING

PDD-I

APN/PARCEL ID

0708-101-1506-2,0708-101-1517-2

ASK ABOUT THIS PROPERTY

John RedfieldSRS Real Estate PartnersMore Info
949-547-2213

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John RedfieldSRS Real Estate PartnersMore Info
949-547-2213

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.