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.
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.