Listed by Seneca Real Estate Group
$1,750,000
200 Northfield Rd
Details
APN 04-24-413-063-0000
Property Type Office, Retail
Sub Type Medical Office
Square Footage 11,605
Cap Rate 7%
NOI $122,500
Tenancy Multi
Lease Type NNN
Lease Term 14
Lease Expiration 10/31/2030
Remaining Term 4.4
Rent Bumps Yes
Price per SqFt $151
Broker Co-Op Yes
Class B
Acreage 0.710
Lease Commencement 10/31/2016
Office | 7.00% CAP | 11,605 SqFt
Marketing description
Fabulous opportunity to own a fully stabilized, strong cash-flowing property in very upscale Northshore suburb of Chicago. All three tenants have been under lease since 2016 and 2017. These are Trio Med Spa (lease thru 10/31/30), Northshore Vision Center (lease through 10/31/31) and Berry Dive Center (lease thru 10/31/30). Building has been rehabbed (interior and exterior). There is a beautifully maintained flower-filled courtyard that each tenant has access to. 30 parking spaces.
Listing Contacts
Listed by Seneca Real Estate Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$122,500.00
$10,208.33/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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