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Canadian Buyer Picks Up Medical Office Park
Marcus & Millichap brokered the sale of Warwick Business Court, a five-building, 24,600-square-foot medical office park in Mount Pleasant, WI. The asset sold for $2.7 million, which equates to $110-per-square-foot.
Alex Sacks, Brett Rodgers and Frank M. Roti, investment specialists in Marcus & Millichap’s Chicago Downtown office, represented the seller and procured the buyer, a Canada-based investor. Todd Lindblom assisted on the transaction as Marcus & Millichap’s broker of record in Wisconsin.
“There were moving parts associated with the transaction, as one of the tenants had a lease rolling in the fall of this year,” said Sacks.
The property is located at 1151 Warwick Way, a high-traffic street close to Interstate 94, which runs between Chicago and Milwaukee. The office park is anchored by three healthcare-related tenants with national credit: Concentra Urgent Care, DaVita Dialysis and Aurora Health Care.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
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