Description
OFFICE CONDO * POTENTIAL INVESTMENT OPPORTUNITY PRICE REDUCED Suite 202 is a medical office condominium with 1,315 occupied SF and 1,699 rentable SF. This second floor space is leased currently to an affiliate of the Advocate Health Group. The lease expires 2/28/23. The custom floor plan features a waiting area, an admin/reception area, 3 exam rooms, a processing lab, a private office, storage room, break room and ADA bathroom. This modern, all brick 51,248 SF 2-story primarily medical building on US Route 14 (Northwest Highway) is ideally situated within a few miles of Good Shepherd Hospital. Located near the intersection with US Route 22, IDOT has measured the traffic count to be 22,100 vehicles per day. The property enjoys more than ample parking and has multiple points of ingress and egress. Potential Investment opportunity based on an NNN lease rate of $14 psf and the reduced asking price of $139,900 the projected CAP rate is 17%.
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School Ratings & Info
Description
OFFICE CONDO * POTENTIAL INVESTMENT OPPORTUNITY PRICE REDUCED Suite 202 is a medical office condominium with 1,315 occupied SF and 1,699 rentable SF. This second floor space is leased currently to an affiliate of the Advocate Health Group. The lease expires 2/28/23. The custom floor plan features a waiting area, an admin/reception area, 3 exam rooms, a processing lab, a private office, storage room, break room and ADA bathroom. This modern, all brick 51,248 SF 2-story primarily medical building on US Route 14 (Northwest Highway) is ideally situated within a few miles of Good Shepherd Hospital. Located near the intersection with US Route 22, IDOT has measured the traffic count to be 22,100 vehicles per day. The property enjoys more than ample parking and has multiple points of ingress and egress. Potential Investment opportunity based on an NNN lease rate of $14 psf and the reduced asking price of $139,900 the projected CAP rate is 17%.
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