Medical Office Investment For Sale

Office for Sale
Catylist Listing ID: 30173525
Property Subtypes: Medical, Office Building
Building Size (RSF): 13,563 SF
Gross Building Area: See Agent
Sale Price: $3,361,550
Unit Price: $247.85 PSF
Property Use Type: Investment
Building Name: AMITA Health | Adventist Medical Center
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 8.25%
Last Updated: 4/19/2018

Overview / Comments

Caton Commercial has been retained to exclusively offer for sale, two buildings that are a part of the AMITA Health | Adventist Medical Campus. Buildings A and C are both well established medical office buildings located at 15720 & 15728 S. Rte. 59 in Plainfield, IL. The free standing buildings are leased to and occupied by Adventist Bolingbrook Hospital and Adventist Health Partners, Inc, 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 totally 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)

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Will
Taxing Authority: Will County
Area Description: The medical campus is located on highly traveled South Rt. 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 Rte. 59, which sees over 33,900 VPD.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,799 80,318 187,082
Median Age: 39.21 32.52 35.03
Households: 1,716 24,276 62,222
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