CONTACT US
Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

Cushman & Wakefield Healthcare Capital Markets Group Closes $30.8M Outpatient Healthcare Facility Disposition in Germantown, Wisconsin

Bailey Webb • 3/6/2024
Cushman & Wakefield’s Gino Lollio, Travis Ives, Sushil Puria, and Tyler Morss, in conjunction with Mike Keane of The Boerke Company, an Independently Owned and Operated Affiliate of Cushman & Wakefield, Represent Ownership 

CHICAGO, March 6, 2024 – Cushman & Wakefield announced today that the firm represented Minneapolis-based Sentinel Management Company in its $30.8 million sale of Aurora Health Center Germantown to Nashville-based Montecito Medical.  

Aurora Health Center Germantown is a two-building, medical-office property totaling 92,573 square feet and located at N112 W17975 Mequon Road and W180 N11070 River Lane in Germantown, Wisconsin, near Milwaukee. The North Building, totaling 15,998 square feet on 4.25 acres, supports uses for chiropractic care, family medicine, gastroenterology, pain management, pediatric cardiology and sports rehabilitation. In 2016, Aurora converted the 76,585-square-foot South Building from administrative space into a health center with a six operating room surgery center, 16 oncology infusion bays, and a healing garden to calm cancer patients, in addition to dozens of exam rooms in its clinics. These two Germantown locations staff a combined total of more than 100 physicians, 70 registered nurses and an additional 170 caregivers daily. Both properties are fully occupied by Aurora Health Care Inc., a subsidiary of Advocate Health, and operate under long-term, triple net leases. 

“Aurora Health Center Germantown is a down-the-fairway outpatient healthcare facility with a long-term credit tenant,” said Lollio. “With its attributes, including significant capital investment into the space by the tenant, as well as higher acuity of services provided at this location, the investor interest was strong and very competitive. As the debt markets continue to thaw, we expect to see that trend continue throughout 2024 and for the foreseeable future as healthcare properties provide investors with superior returns coupled with strong performance, especially when compared to the typical core product types.” 

Located approximately 17 miles from Milwaukee, Aurora Health Center Germantown has nearly 50,000 residents within a five-mile radius and average annual household income of $86,904.  
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.

With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on  Cookies

More Options
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS