Stan Johnson Company, a net lease brokerage firm, recently completed the portfolio sale of six medical office properties located throughout Wisconsin, Illinois and Arizona for a combined sale price of $46.5 million.
Toby Scrivner, Jeff Matulis and Daniel Herrold of Stan Johnson Company represented the seller, Irgens, a developer based in Milwaukee, Wis. The buyer was an institutional REIT out of New York.
The properties within the portfolio were all leased to market-dominant hospital systems with attractive credit ratings. Each had NNN Leases with attractive annual rent increases with remaining lease terms in excess of 10 years.
