Overview
We are pleased to present 3902 Oakwood Hills Parkway, a 100% occupied multi-tenant medical office building located in Eau Claire’s established Oakwood Hills commercial corridor.
The property is anchored by Kristo Orthodontics and SIMKO Specialty Dental, which collectively occupy approximately 81% of the leased area with terms extending through August 2031. Both are affiliated with the Specialty Smile Partners platform.
The primary value-add opportunity is Oak Leaf Surgical Hospital, which occupies 2,817 SF at just $14.19/SF NNN. If Oak Leaf vacates at lease expiration, the existing medical space provides an opportunity to replace the tenant at a potentially significantly higher rental rate.
The property also benefits from recent capital investment, including a new roof completed in 2025 and sidewalk replacement in 2026, and is located immediately adjacent to the Oakwood Mall commercial district.
Investment Highlights
- Stable In-Place Cash Flow: 100% occupied medical office building generating approximately $409,000 of annual NOI under NNN leases.
- Long-Term Anchor Tenancy: Kristo Orthodontics and SIMKO Specialty Dental occupy approximately 81% of the building through August 2031, providing durable income around the value-add component.
- Clear Mark-to-Market Upside: Oak Leaf Surgical Hospital pays just $14.19/SF NNN, creating meaningful upside if the space is renewed or backfilled at a higher market rent.
- Recent Capital Investment: A new roof was completed in 2025 and sidewalk replacement is being completed in 2026, reducing near-term capital exposure.
- Highly Desirable Medical Location: The property sits in Eau Claire’s established Oakwood Hills corridor immediately adjacent to Oakwood Mall, surrounded by healthcare, retail, restaurants, and major employers.
Photo Gallery
Sales Team
