1300 Highland Medical Center
Office | 8.49% CAP | 20,774 SqFt
Investment highlights
Stabilized Investment Opportunity - 97% leased multi-tenant medical office building with a Weighted Average Lease Term of 8.42 years, anchored by Aurora Eye Clinic, who just executed a new 12-year lease and expanded their footprint by 85%, now occupying over half the building through 2038
Below Replacement Cost - The property is being offered at $160/SF, well below replacement cost, providing investors the opportunity to acquire a high-quality asset in the heart of Aurora’s medical district
Prime Healthcare-Adjacent Location - The property benefits from an exceptional location directly across the street from Mercy Medical Center, a 1.3 million square foot medical campus anchored by a 292-bed hospital offering specialized services and 24/7 emergency care
Strong Tenant Mix - The property is anchored by Aurora Eye Clinic (20+ years of occupancy) and features a complementary mix of other medical providers and services. The
immediate proximity to a major healthcare provider drives consistent traffic and demand, supporting long-term tenancy
Exceptional Demographics - Asset is located within an affluent suburb of Chicago with over 163,612 residents and an average household income of $118,600 within a 5-mile radius of the site
Neighboring Medical Tenants - Surrounded by medical tenants such as; Mercy Medical Center, Advocate Outpatient Center, Rush Copley Medical Center, Mercy Behavioral Health, Genoa Healthcare, Avantara Aurora, and more
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