In a deal worth nearly $16 million, a three-story medical office building at the southwest corner of West Burleigh Street and Highway 100 in Wauwatosa changed hands in late May between two Chicago investment firms.
Located at 3077 N. Mayfair Road, the 51,615-square-foot Mayfair Health Professional Building has been a fixture at the busy corner since 1984. It was most recently owned by Innovative Capital Advisors and managed by Chicago-based HSA Commercial Real Estate, until its purchase for $15.9 million by an affiliate of CA Ventures, according to state records.
Current tenants of the building include the Orthopedic Institute of Wisconsin, Milwaukee Career College and Urban Beets Cafe & Juicery. Previous tenants have included Liberty Mutual Insurance.
Address: 3077 N. Mayfair Road, Wauwatosa
Buyer: CAHST Wauwatosa LLC
Seller: ICA Mayfair Venture LLC
Price: $15.9 million