Aurora Health & ThedaCare – Oshkosh, WI

Aurora Health Care, ThedaCare
600 North Westhaven Drive, Oshkosh, WI, USA

We are pleased to exclusively offer for sale the Aurora Health & ThedaCare Portfolio, a 2-property medical office portfolio located in Oshkosh, Wisconsin. Offered at $13,507,525 at a 6.75% Cap Rate, the portfolio is leased to 2 investment-grade hospital systems, providing investors with the opportunity to acquire institutional-quality healthcare real estate backed by financially strong tenants.
Offered at just over $251 PSF, below estimated replacement cost, the portfolio presents an attractive acquisition basis with significant long-term value-add potential. Aurora Health currently pays ~$13 PSF as of December 2026, roughly $8 below estimated market rents of $21 PSF, representing ~62% potential rental upside upon future lease negotiations.

  • Strategic Location Across From Aurora Medical Center: Positioned directly across from Aurora Medical Center in Oshkosh, which handles ~30,000 emergency department visits annually, placing both properties within an established healthcare destination with significant patient activity.
  • ThedaCare’s $7 Billion Healthcare Platform: Following its January 2024 merger with Froedtert Health, ThedaCare became part of an 18-hospital healthcare system generating ~$7 billion in FY2025 revenue, up from $5.3 billion in FY2024. The combined system benefits from an extensive regional presence and an academic affiliation with the Medical College of Wisconsin.
  • ThedaCare’s Continued Investment in Oshkosh: Froedtert ThedaCare Health has reinforced its long-term commitment to the Oshkosh market through the development of ThedaCare Medical Center-Oshkosh, a new neighborhood hospital designed to expand healthcare access and strengthen the system’s local presence.
  • Aging Population Supports Sustained Healthcare Demand: ~19.7% of Winnebago County residents are age 65 or older, with continued growth in the senior population projected to support long-term demand for outpatient medical services and established healthcare facilities.
  • Established West Oshkosh Healthcare Corridor: Located along Westhaven Drive, west of Interstate 41, the properties benefit from their position within an established medical corridor surrounded by healthcare providers, supporting patient accessibility and long-term demand for medical services.

In Cooperation With ParaSell, Inc. , A Licensed Wisconsin Broker – Lic. #938545-91 BoR: Scott Reid – Lic. WI #58772-90

Aurora Health Care, ThedaCare
600 North Westhaven Drive, Oshkosh, WI, USA

Aurora Health Care

Aurora Health Care is a leading nonprofit healthcare provider serving communities throughout eastern Wisconsin, northern Illinois, and parts of Michigan. Established in 1984, the organization delivers comprehensive medical services through an integrated network of hospitals, clinics, and pharmacies. As part of Advocate Health, one of the largest nonprofit health systems in the United States, Aurora benefits from extensive clinical expertise, advanced medical technology, and a broad regional healthcare network. Its services span primary and specialty care, emergency medicine, cancer treatment, cardiovascular care, and other essential medical specialties.

ThedaCare 

ThedaCare is a leading nonprofit healthcare provider serving communities throughout northeastern and east-central Wisconsin. With a longstanding history of delivering community-focused healthcare, the organization operates a network of hospitals, clinics, and specialized care facilities. Its services include primary and specialty care, cardiovascular services, cancer treatment, orthopedics, emergency medicine, and behavioral health. As part of Froedtert ThedaCare Health, the organization benefits from an integrated healthcare network, expanded clinical resources, and an academic affiliation with the Medical College of Wisconsin.

 

Price

$13,507,525

Cap Rate

6.75%

PREMISES

53,739 SF

YEAR BUILT

2002

RENEWAL OPTIONS

Varies

Lease Expiration

Varies

Lease Type

NNN

RENTAL INCREASES

Varies

BROKERS

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