Fully Leased Outpatient Medical
For Sale
Contact for pricing
12555 W NATIONAL AVE, New Berlin, WI 53151
Stabilized outpatient medical building is 100% leased on a triple-net basis with annual rent escalations.
Property Size16,808 SF
Price / SF$214.18
Days on Market177
Property Features for 12555 W NATIONAL AVE
General Information
Standard status
Active
Size
16,808 SF
Class
A
Property subtype
Office
Occupancy
100%
Lease Type
NNN
Investment Type
Core+
Net Operating Income
$301,856
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
7.64%
Building Details
Year Built
2005
Buildings
1
Units
2
Tenancy
Multi
Listing Agency:
Zeustra Inc
Listed By:
Nick Myers · License #PA RS322215
Source:
Crexi
Added: Apr 29
Changed: Oct 13
Last Checked: Oct 20 at 7:56PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Zeustra Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property at 12555 W National Ave is a fully leased outpatient medical facility totaling 16,808 square feet. The building is 100% occupied by a mix of healthcare providers, anchored by Aspen Orthopedic Specialists, which occupies approximately half of the space. Aspen is a long-term tenant with a recently exercised 5-year renewal option, and the practice operates an outpatient platform including on-site MRI, digital X-ray, and physical therapy services.
Tenant leases are structured on a triple-net basis with 2% annual rent escalations. The remaining tenancy includes West Allis Primary Care Physicians and Internist LTD, each having recently executed 5-year renewal options, supporting long-term stability across the rent roll. The property also benefits from access via West National Avenue and nearby Interstates 94, 43, and 41 within the Milwaukee MSA.
Tenant leases are structured on a triple-net basis with 2% annual rent escalations. The remaining tenancy includes West Allis Primary Care Physicians and Internist LTD, each having recently executed 5-year renewal options, supporting long-term stability across the rent roll. The property also benefits from access via West National Avenue and nearby Interstates 94, 43, and 41 within the Milwaukee MSA.
Key Highlights
- 16,808 SF outpatient medical facility built in 2005 in the Milwaukee MSA, fully leased at 100% occupancy.
- 100% leased to a healthcare provider mix anchored by Aspen Orthopedic Specialists (~50% of the building).
- Aspen exercised a 5‑year renewal option and operates an outpatient platform with on‑site MRI, digital X‑ray, and physical therapy.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$233,347
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,666,940
$4.7M
Cap Rate 7%
$3,333,529
$3.3M
Cap Rate 9%
$2,592,744
$2.6M
Market Conditions
NOI Build-Up for 16,808 SF
Gross rent
$417.5K $24.84/SF
− Vacancy
−$106.4K −$6.33/SF
EGI
$311.1K $18.51/SF
− OpEx
−$77.8K −$4.63/SF
NOI
$233.3K $13.88/SF
Area
Waukesha County, WI
Vacancy
25.48%
Lease Rate
$24.84 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,666,940
Cap Rate 7%
$3,333,529
Cap Rate 9%
$2,592,744
Alternative Uses
Best Use
Healthcare Medical
$7.92M
$6.93M – $9.24M
NOI $554,291 @ 7.0% cap · market cap 15.40%
Second Best
Office B
$3.33M
$2.92M – $3.89M
NOI $233,347 @ 7.0% cap · market cap 6.48%
Theoretical Best
Flex RnD
$8.58M
$7.51M – $10.01M
NOI $600,482 @ 7.0% cap · market cap 16.68%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
203
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53151, WI
32,535
Population
14,324
Households
2.3
Avg Household Size
47
Median Age
47%
College-Educated
98%
High-School Grad
17.5 sq mi
ZIP Area
1,859
Density / Sq Mi
$99,248
Median Household Income
$59,197
Median Earnings
$1,424
Median Rent
$351,300
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Stabilized outpatient medical building is 100% leased on a triple-net basis with annual rent escalations.
Where is this medical office space located?
The property is located at 12555 W NATIONAL AVE New Berlin, WI.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: 16,808 SF outpatient medical facility built in 2005 in the Milwaukee MSA, fully leased at 100% occupancy.; 100% leased to a healthcare provider mix anchored by Aspen Orthopedic Specialists (~50% of the building).; Aspen exercised a 5‑year renewal option and operates an outpatient platform with on‑site MRI, digital X‑ray, and physical therapy.
