Davis Healthcare Real Estate has acquired Woodlake Medical Building, a 42,467-square-foot property in Woodbury, Minn., through its Davis Medical Investors LLC fund. The company paid $18 million for Class A asset, with Bridgewater Bank providing the acquisition financing. According to CommercialEdge data, the previous owner was MFC Properties. The two-story medical building came online in 2003 on a 4.7-acre site. The property features an outpatient surgery center and has a parking ratio of 4.5 spaces per 1,000 square feet, CommercialEdge data shows.
Read the full article: Davis Adds Minneapolis-Area MOB to Growing Portfolio //
Source: https://www.commercialsearch.com/news/davis-adds-minneapolis-area-mob-to-growing-portfolio