Davis Acquires Medical Office Portfolio In Davenport, Iowa For $19 Million

A two-building outpatient medical portfolio was involved in this transaction, comprising a total area of 51,856 square feet. The properties are located at 6101 Northwest Boulevard in Davenport, Iowa, and are fully leased to ORA Orthopedics. The sale took place with a transaction amount of $19 million, translating to a price per square foot of $366.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $19,000,000
• Address: 6101 Northwest Boulevard
• Market: Davenport, IA
• Square Footage: 51,856
• Price per Square Foot: $366
• Buyer: Stewart Davis & Mark A. Davis
• Company: Davis
• Lease Type: 15-year triple-net master lease
• Occupant: ORA Orthopedics

Stewart Davis and Mark A. Davis represented the buyer, expanding their healthcare real estate portfolio with this acquisition. The investment highlights the commitment of Davis in enhancing their portfolio within the Midwest healthcare market, focusing on long-term leased properties.