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Aurora Health Center 5250 S 108th St 20,048 SF 100% Leased Office Building Hales Corners, WI 53130 $5,500,000 ($274.34/SF) 7% Cap Rate
Investment Highlights
- 100% occupied medical-office building with dependable NNN lease structure.
- Excellent visibility on S 108th Street (Highway 100) with traffic counts near 37,500 vehicles per day.
- Ample on-site parking with ±88 surface spaces and a professionally managed building.
- Long-term tenancy with ForwardDental leased through 2031 and others secured through 2034–2035 with extensions.
- Convenient regional access near I-43 and Highways 41/894.
- Located in a strong commercial corridor surrounded by national retailers and dense residential neighborhoods.
Executive Summary
This offering presents a fully leased, medical-office investment opportunity in Hales Corners, Wisconsin, situated along the heavily traveled S 108th Street (Highway 100) corridor. Constructed in 2005, the ±20,048 square foot two-story building encompasses a masonry exterior and provides a stable asset on a ±1.74-acre parcel with approximately 88 surface parking spaces. The property benefits from 100% occupancy under NNN leases, ensuring minimal landlord responsibilities. Current tenants include ForwardDental, Ellie Mental Health, and Game Day Men’s Health, all of which have extended lease terms with multiple renewal options, delivering reliable, long-term cash flow.
The site sits at a signalized intersection near I-43 and offers convenient access to Highways 41 and 894, enhancing regional connectivity. Positioned near national retailers and essential amenities, the property experiences robust visibility and traffic counts of approximately 37,500 vehicles per day. This asset combines predictable income backed by established healthcare tenants and strategic positioning in a mature suburban market.
The site sits at a signalized intersection near I-43 and offers convenient access to Highways 41 and 894, enhancing regional connectivity. Positioned near national retailers and essential amenities, the property experiences robust visibility and traffic counts of approximately 37,500 vehicles per day. This asset combines predictable income backed by established healthcare tenants and strategic positioning in a mature suburban market.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
20,048 SF
Building Class
C
Year Built
2005
Price
$5,500,000
Price Per SF
$274.34
Cap Rate
7%
NOI
$385,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
10,000 SF
Slab To Slab
8’
Building FAR
0.26
Lot Size
1.74 AC
Zoning
B1 - Commercial
Parking
88 Spaces (2.99 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 654-0026-002 | Improvements Assessment | $2,686,000 |
| Land Assessment | $464,000 | Total Assessment | $3,150,000 |
Property Taxes
Parcel Number
654-0026-002
Land Assessment
$464,000
Improvements Assessment
$2,686,000
Total Assessment
$3,150,000
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Aurora Health Center | 5250 S 108th St
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