Minnesota medical office building with ASC acquired for $18M

Woodlake Medical Building, a 42,467-square-foot medical office building in Woodbury, Minn., has been acquired by Davis Healthcare Real Estate for $18 million, according to a Dec. 9 report from Commercial Property Executive.

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Woodlake is fully leased to three tenants — Woodlake Surgery Center, St. Paul Eye Clinic and Midwest ENT — which have all signed a lease extension for 15 years. 

This is Davis Healthcare’s 13th acquisition since its establishment two years ago. It now owns approximately $230 million in medical office buildings.  

At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.

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Is ambulatory care healthcare’s big margin engine? 4 leaders weigh in

Wednesday, July 29
1:00 PM - 2:00 PM CDT

Presenters: Joe Ganley, athenahealthJeffrey Flynn, CASC, Gramercy Surgery CenterBryan Tsao, Access Center, Loma Linda University HealthJason Zepeda, Northridge Hospital Medical Center, CommonSpirit HealthGreg DeConciliis, PA-C, CASC, Boston Out­Patient Surgical Suites

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