Fully Leased Outpatient Medical
12555 W NATIONAL AVE New Berlin, WI 53151
12555 W NATIONAL AVE, New Berlin, WI, 53151
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For Sale
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Stabilized outpatient medical building is 100% leased on a triple-net basis with annual rent escalations.
Property Size16,808 SF
Price / SF$267.73
Days on Market85
Property Features for 12555 W NATIONAL AVE
General Information
- Standard status
- Active
- Size
- 16,808 SF
- Property subtype
- Office
Building Details
- Year Built
- 2005
Listing agency
Zeustra Inc
Listed by
Nick Myers · License #PA RS322215
Source
Crexi
Added: Apr 29 Updated: Jul 22 at 8:50AM Checked: Jul 22 at 8:50AM
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
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.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $441.7k | $26.28 |
| − Vacancy | −$55.2k | −$3.29 |
| EGI | $386.5k | $23.00 |
| − OpEx | −$154.6k | −$9.20 |
| NOI | $231.9k | $13.80 |
16,808 SF · lease $26.28/SF/yr · vacancy 12.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$3.31M
$2.90M – $3.87M
NOI $231,900 @ 7.0% cap · market cap 5.15%
Second Best
Office B
$3.28M
$2.87M – $3.83M
NOI $229,840 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$3.99M
$3.49M – $4.65M
NOI $279,005 @ 7.0% cap · market cap 6.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
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FAQs
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 $4,500,000.
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.
