Medical Office Investment For Sale

Office for Sale
Catylist Listing ID: 30173514
Property Subtypes: Medical, Office Building
Building Size (RSF): 7,119 SF
Gross Building Area: See Agent
Sale Price: $1,444,645
Unit Price: $202.93 PSF
Property Use Type: Investment
Building Name: AMITA Health | Adventist Medical Center - Plainfield Campus
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 8.25%
Last Updated: 5/20/2018

Overview / Comments

Caton Commercial has been retained to exclusively offer for sale, a 7,119 SF, well established medical office building at 15720 S. Rte. 59 in Plainfield, IL. The free standing building is one of three buildings being offered for sale within the AMITA Health | Adventist Medical Campus, and is leased to Adventist Bolingbrook Hospital, providing a hospital guarantee.

The campus is comprised of three medical buildings. The 3 buildings total 19,718 SF of 1st floor medical office space. Two of the buildings have lower levels (B & C) built out for additional administrative space, including break rooms, conference rooms, and file storage for an additional 5,498 sf of usable space.

Building A is built for an imaging center, with floating foundation copper walls, and additional power.

Building Overview (1st Floor):

Building A - 7,119 SF (2017 Property Taxes - $31,526, PIN 06-03-16-404-058-1001)
Building B - 6,155 SF (2017 Property Taxes - $30,342, PIN 06-03-16-404-058-1002)
Building C - 6,444 SF (2017 Property Taxes - $30,342, PIN 06-03-16-404-058-1003)

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $41,687 (Annual)
Net Operating Income $96,691 (Annual)

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Will
Tax ID/APN: 06-03-16-404-058-1001
Area Description: The medical campus is located on highly traveled South Rte. 59, is located 40 miles southwest of Chicago and approximately 2 miles from I-55. The property is surrounded by many multiple retailers, two large high schools and many residential neighborhoods. The campus has excellent visibility from Rt. 59, which sees over 33,900 VPD.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,799 80,318 185,396
Median Age: 39.21 32.52 35.04
Households: 1,716 24,276 61,585
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