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18200 W Capitol Dr
Brookfield, WI 53045
Capitol Imperial · Office Property For Sale
Investment Highlights
- Fully occupied property
- Leaseback deal with anchor tenant SAAK Health for 12 years.
Executive Summary
Hunter Real Estate, Jennifer Stein Real Estate, Inc and Brown Gibbons Lang & Company (BGL) have been retained by ownership to offer qualified investors the opportunity to acquire the fee simple interest in the SAAK Health Medical Office Building (the “Property”).
The multi-tenant MOB is located in Brookfield, Wisconsin and consists of 24,577 square feet. The Property was purchased by SAAK Health in 2022 and underwent an expansion and extensive renovations which were completed in 2024. The 100% leased facility boasts a weighted average lease term (WALT) of 8.3 years and is anchored by SAAK Health, one of the predominant independent cardiology practices throughout Waukesha county, which accounts for 63% of the GLA. SAAK Health’s footprint at the Property includes a newly built, state-of-the-art ASC (34% GLA) and a meticulously maintained clinic (29% GLA), offering specialization in cardiology, wound care, women’s health, and family medicine.
The transaction contemplates SAAK executing a new 12-year NNN lease with 3.0% annual escalations upon Closing, providing an investor with long-term, stable cash flow in the third most populous county in Wisconsin.
The multi-tenant MOB is located in Brookfield, Wisconsin and consists of 24,577 square feet. The Property was purchased by SAAK Health in 2022 and underwent an expansion and extensive renovations which were completed in 2024. The 100% leased facility boasts a weighted average lease term (WALT) of 8.3 years and is anchored by SAAK Health, one of the predominant independent cardiology practices throughout Waukesha county, which accounts for 63% of the GLA. SAAK Health’s footprint at the Property includes a newly built, state-of-the-art ASC (34% GLA) and a meticulously maintained clinic (29% GLA), offering specialization in cardiology, wound care, women’s health, and family medicine.
The transaction contemplates SAAK executing a new 12-year NNN lease with 3.0% annual escalations upon Closing, providing an investor with long-term, stable cash flow in the third most populous county in Wisconsin.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
24,577 SF
Building Class
B
Year Built
2003
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
12,289 SF
Building FAR
0.26
Lot Size
2.16 AC
Zoning
B-1 - Local Business District
Parking
20 Spaces (0.81 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | BRC-1021-446-004 | Improvements Assessment | $1,205,800 |
| Land Assessment | $942,200 | Total Assessment | $2,148,000 |
Property Taxes
Parcel Number
BRC-1021-446-004
Land Assessment
$942,200
Improvements Assessment
$1,205,800
Total Assessment
$2,148,000
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