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Chicago & Midwest  + Midwest  + Healthcare  | 

Wisconsin MOB Trades to Griffin-American Healthcare IV

Griffin-American Healthcare REIT IV has acquired Sauk Prairie Medical Office Building in Prairie du Sac, WI. The REIT paid $19.5 million to acquire the 55,000-square-foot on-campus medical office building near Madison, WI from Sauk Prairie MOB LLC.

“Sauk Prairie Medical Office Building is strategically located on the campus of the local community hospital, serving as a critical component of the area’s healthcare delivery chain,” said Stefan Oh, the REIT’s EVP of acquisitions. “There is a lack of on-campus medical office options in the market, which we believe provides added value to the building and to the portfolio of Griffin-American Healthcare REIT IV.”

Healthcare REIT IV’s 43rd acquisition since it began investing in June 2016, the property is currently 100% leased to multiple healthcare providers. CBRE’s Chris Bodnar and Lee Asher represented the sellers.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition