Press Release – Axsys Capital

AXSYS Capital Announces Initial Closing of AXSYS Capital Fund I, LP

Posted on March 7, 2024March 7, 2024 by AXSYS Capital

New Fund Will Be Used to Acquire High Quality Medical/Medtail properties Across the Midwest

LIBERTYVILLE, IL – (March 7, 2024) – AXSYS Capital, an emerging leader in medical property investments, is pleased to announce a successful initial closing of its premier AXSYS Capital Fund I, LP. The fund will focus on acquiring medical office buildings (MOBs) across the Midwest over the next 6-12 months, including Illinois, Missouri, Ohio and Wisconsin.

“The initial closing of AXSYS Capital Fund I enhances our firm’s capabilities and emphasizes our focus on identifying and capitalizing on properties we consider to be high quality, ‘recession-proof’ assets with stable, creditworthy medical and professional services tenants that we can hold long term,” said David Meggs, Co-Founder & CEO of AXSYS Capital.

AXSYS Capital has identified a niche in high-quality properties, primarily medical, in the $2M to $6M price point, that are off the radar of institutional investors and have above-market returns. To date, AXSYS Capital has successfully executed the acquisition, renovation, repositioning and sale of more than 25 transformative commercial and mixed-use properties across the Midwest totaling more than $74M.

The AXSYS Capital Fund I acquired three properties in the second half of 2023, including 853 Medical Drive in Wentzville, MO; W175 N11056 Stonewood Drive in Germantown, WI; and 9120-30 Loomis Road, Franklin, WI, respectively. These properties all contain a mix of medical and professional tenants with long-term leases in place.

“We believe that these types of properties can provide a hedge against inflation and add diversity to portfolios where so often there is an overreliance on the stock market via stocks and bonds,” added Meggs. Over the next few months, AXSYS Capital expects to close on up to five additional properties across the Midwest utilizing funds from AXSYS Capital Fund I.

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/

Note: This document is intended for informational purposes only. It is not an offer to sell, or a solicitation of any offer to buy, any security, nor does it purport to be a complete description of the terms of or the risks or potential conflicts of interest inherent in any actual or proposed security or transaction described herein.

AXSYS Capital Acquires 15k-SF “Medtail” Property in Wentzville, MO for $3.6M

Posted on January 30, 2024March 7, 2024 by AXSYS Capital

Purchase marks AXSYS Capital’s 7th Acquisition in Missouri; Plans Additional Acquisitions of High-Quality, Well-Located Medical Office Buildings Across the Midwestern States

WENTZVILLE, MO – (January 30, 2024) – AXSYS Capital, an emerging leader in medical property investments, is pleased to announce it has closed on the purchase of 853 Medical Drive, a 15,366-square-foot mixed-use “medtail” office property located in Wentzville, MO for $3,600,000.

The transaction marks AXSYS Capital’s seventh acquisition in Missouri and is the third purchase made by the company’s “AXSYS Capital Fund I, LP.” The company will hold the property for long term cashflow for its investors. AXSYS Capital has approximately $60M of assets under management and is raising approximately $40M to $50M of additional capital that the company plans to invest in similar properties across the Midwestern states over the next 12 to 18 months, including Illinois, Missouri, Ohio and Wisconsin.

“Our goal is to continue to grow our portfolio of high quality, ‘recession-proof’ assets with stable, creditworthy medical and professional services tenants that we can hold long term,” said David Meggs, Co-Founder & CEO of AXSYS Capital. “Wentzville has been the fastest-growing city in Missouri for the past two decades, and continues to see exponential growth and new development, making 853 Medical Drive an ideal acquisition for AXSYS Capital’s hyperfocus on buying investments that should outperform over time.”

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. 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.

Jason Riegelsberger and Luke Grant of Skyline Commercial Real Estate represented the buyer, AXSYS Capital in the transaction; Brian Kelley of Revel Commercial Real Estate represented the seller, Asher CRE, LLC. Tenants at the 100-percent net-leased property include SSM Health, Edward Jones, Beacon Endodontics, Regional Eyecare, Accent Dental and the Missouri Center for Oral Surgery.

Carrollton Bank provided financing for the transaction with a permanent, fixed-rate loan of $1,952,500, representing an LTV ratio of 55 percent.

Built in 2005 and meticulously maintained by the building’s previous owners, 853 Medical Drive features six commercial units averaging approximately 2,561 square feet located along Wentzville Parkway adjacent to SSM Health St. Joseph Hospital – Wentzville. The property sits along a dense retail corridor boasting national retailers such as Target, Lowe’s, Walmart, Sam’s Club and Kohl’s. Directly across from the property sits Wentzville Bend, a new 80-acre mixed-use development under construction that will feature a mix of retail, medical and entertainment space anchored by a 158,400-square-foot Menards.

About AXSYS Capital:

AXSYS Capital Acquires 7,516-SF Medical Office Property in Germantown, WI for $1.5M

Posted on October 15, 2023March 7, 2024 by AXSYS Capital

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: