Brookfield Medical Office
18200 W Capitol Dr, Brookfield, WI 53045
For Sale
Contact for pricing
Multi-tenant medical office building in Brookfield, Wisconsin.
Property Size24,577 SF
Price / SF$427.23
Days on Market259
Property Features for 18200 W Capitol Dr
General Information
Standard status
Size
Class
Property subtype
Occupancy
Lease Type
Building Details
Year Built
Year Renovated
Tenancy
Listing Agency:
Hunter Real Estate
Listed By:
Michael Testa, CCIM · License WI 85599-94
(815) 482-0105
Source:
Crexi
Added: Feb 26
Changed: Nov 1
Last Checked: Nov 10 at 6:32AM
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 Hunter Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The SAAK Health Medical Office Building, a multi-tenant facility located in Brookfield, Wisconsin, offers 24,577 square feet of space. Purchased by SAAK Health in 2022, the property underwent an expansion and extensive renovations completed in 2024. The facility is currently 100% leased with a weighted average lease term (WALT) of 8.3 years. It is anchored by SAAK Health, a cardiology practice in Waukesha County, occupying 63% of the gross leasable area (GLA). SAAK Health's space includes a newly built, state-of-the-art Ambulatory Surgery Center (ASC), accounting for 34% of the GLA, and a clinic comprising 29% of the GLA. The clinic offers specialization in cardiology, wound care, women’s health, and family medicine. Upon closing, SAAK Health is expected to execute a new 12-year NNN lease with 3.0% annual escalations, providing long-term, stable cash flow in Wisconsin's third most populous county.
Key Highlights
- 100% leased medical office building with a weighted average lease term (WALT) of 8.3 years.
- Anchored by SAAK Health, a leading independent cardiology practice in Waukesha County, occupying 63% of the GLA.
- SAAK Health to execute a new 12‑year NNN lease with 3.0% annual escalations upon closing.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$810,495
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,209,900
$16.2M
Cap Rate 7%
$11,578,500
$11.6M
Cap Rate 9%
$9,005,500
$9.0M
Market Conditions
NOI Build-Up for 24,577 SF
Gross rent
$1.37M $55.80/SF
− Vacancy
−$20.6K −$0.84/SF
EGI
$1.35M $54.96/SF
− OpEx
−$540.3K −$21.99/SF
NOI
$810.5K $32.98/SF
Area
Waukesha County, WI
Vacancy
1.50%
Lease Rate
$55.80 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,209,900
Cap Rate 7%
$11,578,500
Cap Rate 9%
$9,005,500
Alternative Uses
Best Use
Healthcare Medical
$11.58M
$10.13M – $13.51M
NOI $810,495 @ 7.0% cap · market cap 7.72%
Second Best
Office B
$4.87M
$4.27M – $5.69M
NOI $341,204 @ 7.0% cap · market cap 3.25%
Theoretical Best
Flex RnD
$12.54M
$10.98M – $14.63M
NOI $878,037 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 53045, WI
23,651
Population
10,061
Households
2.4
Avg Household Size
45
Median Age
62%
College-Educated
98%
High-School Grad
14.4 sq mi
ZIP Area
1,642
Density / Sq Mi
$116,541
Median Household Income
$62,417
Median Earnings
$1,867
Median Rent
$443,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- CARE Surgery Center — 19035 W Capitol Dr Ste J101, Brookfield, WI 53045
Frequently Asked Questions
What type of property is this?
Medical Office Space - Multi-tenant medical office building in Brookfield, Wisconsin.
Where is this medical office space located?
The property is located at 18200 W Capitol Dr Brookfield, WI.
What is the asking price?
The asking price for this property is $10,500,000.
What are key features of this property?
This property features: 100% leased medical office building with a weighted average lease term (WALT) of 8.3 years.; Anchored by SAAK Health, a leading independent cardiology practice in Waukesha County, occupying 63% of the GLA.; SAAK Health to execute a new 12‑year NNN lease with 3.0% annual escalations upon closing.
