Berkadia Medical and Life Sciences is pleased to exclusively offer Ridges Pondview MOB (the “Property”), a fully leased, medical outpatient building totaling 34,224 square feet. Located in Burnsville, MN, a southern suburb of Minneapolis, the three-story Property offers a wide array of medical specialties and is located adjacent to the 150-bed M Health Fairview Ridges Hospital, a Top 10 hospital in Minnesota according to US News.

The Property is fully leased to an exceptional roster of high-caliber medical tenants including 48% by Southdale Pediatric Associates, the dominant pediatric group in the Twin Cities MSA and 22% by DaVita Dialysis (Davita, NYSE: DVA). As a high-performing location for Southdale Pediatrics, they have already expressed an interest in expanding within the Property and extending their lease. Additional tenants at the Property include The Remedy and Minneapolis Clinic of Neurology, which houses a mobile MRI room.

With NNN leases and a weighted average remaining lease term (WALT) over five years, Ridges Pondview MOB offers the opportunity for an incoming investor to benefit from steady cash flows from both DaVita and dominant regional physician groups. The Property is offered fee-simple and free and clear of existing debt.