Santa Ana, Calif.-based Triple Net Properties LLC announced recently that it has acquired five single-story Class A medical office buildings and one two-story Class A medical office building totaling approximately 153,000 square feet. The buildings are located in six different cities throughout eastern Wisconsin
Santa Ana, Calif.-based Triple Net Properties LLC announced recently that it has acquired the Eastern Wisconsin Medical Portfolio on behalf of tenant-in-common investors. The Eastern Wisconsin Medical Portfolio consists of five single-story Class A medical office buildings and one two-story Class A medical office building totaling approximately 153,000 square feet. Built between 2000 and 2007, the buildings are located in six different cities throughout eastern Wisconsin and are subject to 15 year, triple-net leases for 100 percent of the space to Aurora Medical Group, Inc., a subsidiary of Milwaukee-based Aurora Health Care Inc. Triple Net Properties purchased the Eastern Wisconsin Medical Portfolio from Aurora Medical Group, Inc., which was represented by David Boerke and Jack Price of The Boerke Company, Inc. Financing was arranged by Joseph Byers of Commercial Realty Capital and provided by PNC Bank.
