Mine will go up to 212 water temp and stay there if sitting idling for very long, even in 40 - 50 F air temps. Somewhere between 200 and 212 is probably the threshold temp for fan activation. But, I used to have a Corvette (1995 model) that would rise the water temp to 230 deg at stoplights etc., before the fans would switch to high speed mode. They came on at 212 - 217 if I remember right, in low speed. Perhaps not an apples to apples comparison, but the car was spec'd for 5W30 synthetic and had no oil cooler.
With all the sophistication of the Multistrada (within the motorcyle realm) and its information rich instrument readout, I don't understand why Ducati did not include an oil temperature gauge and corresponding readout on the panel. It would be some handy info to have on tap. Oil temp is better info to have as far as when its safe to start cracking on the throttle after X amount of time after start-up and moving off, etc., than the water temp reading. I.e. oil temp a better indication of lubrication state of the engine than water temp and you don't want to crack on it until the lubrication state is optimal.