Purchase marks AXSYS Capital’s Seventh Acquisition in Wisconsin; The Company Continues to Seek Out High-Quality, Well-Located Medical Office Buildings Across the Midwestern States
WENTZVILLE, MO – (October 15, 2023) – AXSYS Capital, an emerging leader in medical property investments, is pleased to announce it has closed on the purchase of W175N11056 Stonewood Dr., a 7,516-square-foot mixed-use medical office property located in Germantown, WI for $1,500,000.
The transaction marks AXSYS Capital’s seventh acquisition in Wisconsin and is the second purchase made by the company’s “AXSYS Capital Fund I, LP.” Tenants at the triple-net-leased property include DaVita, a leading provider of kidney care services, who is the major tenant at the property. The company plans to hold the property for long term cash flow for its investors.
“W175N11056 Stonewood Dr. exemplifies the value proposition of our portfolio,” said David Meggs, Co-Founder & CEO of AXSYS Capital. “The property boasts a great location in an affluent area featuring a nationally known tenant under a long-term lease offering attractive cash flow to our investors.”
Tim Janusz and Rachel Schmidt of Newmark represented the buyer, AXSYS Capital, in the transaction; Rachel Schmidt of Newmark represented the seller, Purity Real Estate, LLC. Landmark Credit Unionprovided financing for the transaction with a permanent, fixed-rate loan of $900,000, representing an LTV ratio of 60 percent.
AXSYS Capital has identified a niche in high-quality properties, primarily medical, in the $2M to $5M price point, that are off the radar of institutional investors and have above-market returns. The company, which has approximately $60M of assets under management, plans to invest in similar properties across the Midwestern states over the next 12 to 18 months, including Illinois, Missouri, Ohio and Wisconsin. To date, AXSYS Capital has successfully executed the development, acquisition, renovation, repositioning and sale of more than 25 transformative commercial and mixed-use properties across the Midwest totaling more than $74M.
Built in 2006, W175N11056 Stonewood Dr. is located in the Stonewood Corporate Center, which sits along the Mequon Rd. corridor, which connects Germantown to Mequon, Menomonee Falls and the entire Milwaukee Metro via Interstate 41. Nearby medical clinics include Froedtert, Aurora and Ascension Columbia St Mary’s. Retailers include Walmart, Menards, Fleet Farm, Sendik’s, Pick’n Save, Ace Hardware, and Pet Supplies Plus.
About AXSYS Capital:
AXSYS Capital is a dynamic property investment company committed to unlocking strong risk-adjusted returns within an often-overlooked niche of the real estate market—smaller, suburban medical office and or “medtail” buildings. Rooted in the belief of cultivating robust investment portfolios, we employ a strategy centered on tangible assets that provide a compelling alternative for investors seeking diversification beyond the stock market. AXSYS Capital offers stability and growth through a meticulously curated selection of buildings home to primarily medical, financial, and insurance businesses—entities we consider “Amazon proof.”
What sets AXSYS Capital apart is our unwavering dedication to people and community. We understand the significance of fostering strong, enduring relationships with tenants and neighbors, recognizing that this commitment contributes directly to the vitality of our properties and, ultimately, the success of our investments. With affordable purchase prices and a proven model, AXSYS Capital stands as a beacon of stability and prosperity in the realm of property investment. For more information, please visit: https://axsyscapital.com/