Listed by NAI Hiffman
Unpriced
8658 S Sacramento Ave | Chicago
Details
APN 19-36-308-010-0000
Property Type Office
Sub Type Medical Office
Square Footage 22,174
Units 97
Cap Rate 6.50%
NOI $442,538
Occupancy 100%
Tenancy Multi
Remaining Term 14.9
Class B
Year Built 2000
Buildings 1
Stories 1
Acreage 1.250
Zoning B3-2
Parking Spaces 97 spaces
Parking Per SqFt 4.37
22,174 SF Medical Building, 100% Leased | Surgery Center Anchored
Marketing description
8658 S Sacramento Avenue is a single story medical building built in 2000 for the Social Security Administration (SSA) who occupied the project until 2022. Ownership then did a conversion to medical use by leasing 6,240 SF to the Veterans Affairs Administration that provides counseling services to veterans and leasing 15,934 SF to Chicago Children’s Surgery Center providing outpatient surgery services to the south side of Chicago.
This building provides an opportunity for an investor to acquire a newly leased building by two medical tenants who have contributed significant improvement dollars to their space and are dedicated to the area and site with long term leases.
Investment highlights
- Two Tenants (100% occupied)
- Long Term WALT (14.93 Years)
- CON approved site
- Located near numerous medical, retail, and restaurants
- +/- 1.25 acre site
- Dedicated and secured parking on site
Listing Contacts
Listed by NAI Hiffman
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$442,537.80
$36,878.15/mo
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