Middleton, WI - University of Wisconsin Health ZCF

Description:

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an ideally located, four story office building, 100% occupied by a single user UW Health Administrative Services. The lease is 100% guaranteed by the University of Wisconsin Hospitals and Clinics Authority who has a top tier investment grade rating of S&P AA-. The tenant has occupied the property since 2008 and recently signed a brand-new long-term lease demonstrating their commitment to the site, along with significant capital improvements to the building. The lease features annual rental increases throughout the initial term and option periods and is on a NNN lease structure with tenant paid monthly reserves for future capital expenditures. Additionally, the asset includes a Credit Tenant Lease (CTL) zero cash flow financing to be assumed, which also includes the paydown/readvance feature allowing 1031 exchange investors to pull cash out from the transaction. The loan is non-recourse and is a rare new CTL financed loan in today’s market.

The 4-story office building functions as one of UW Health’s administrative service office buildings and plays a crucial role in various areas, including medical management, information services, compliance, and patient billing services. UW Health annually serves over 775,000 patients, employing over 1,750 physicians and maintaining a staff of 22,700 across nine hospitals and over 90 outpatient locations in Wisconsin and Illinois. Under the governance of the UW Hospitals and Clinics Authority in Wisconsin, UW Health collaborates with the UW School of Medicine and Public Health to achieve its missions in patient care, research, education, and community services.