North to Onalaska
Sale of 57,000-square-foot medical office building in Onalaska, Wisconsin
Blueprint MOB team leverages regional relationships to successfully facilitate sale for long-standing client
Hired by the public REIT seller to market this non-core asset, Blueprint’s MOB team successfully sourced a local buyer with tenant relationships in the market.
Built in 1992, the 57,000-square-foot Class A medical office building is located in the La Crosse-Onalaska MSA.
The property consists of 15.19 total acres in the coveted Midwest Drive retail/commercial corridor with five acres dedicated to new development.
Driven by growing affluent population demographics, the area has experienced substantial increases in home value and real estate development in recent years.
Blueprint articulately conveyed the path to stabilization during the marketing process that the buyer, and its tenant network, will execute along with plans to develop the adjacent five-acre parcel into retail/office.