Listed by SVN Core 3
$1,350,000
Fully Leased Medical Office Investment
Details
APN 1312426032; 1312426033
Property Type Retail, Office
Sub Type Medical Office
Square Footage 5,198
Units 1
Cap Rate 6.96%
NOI $93,960
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 02/28/2030
Remaining Term 4
Rent Bumps Yes
Class A
Year Renovated 2021
Buildings 1
Acreage 0.600
Zoning C2
Investment Type Stabilized
Ground Lease No
Fully Leased NNN Medical Office Investment Property For Sale
Marketing description
Invest in a fully leased medical office building with a strong healthcare tenant in place. OSF HealthCare occupies 100% of the property under a triple net (NNN) lease, providing stable and predictable income. The lease has approximately four years remaining, along with an extension option for added long-term security.
In 2021, OSF expanded its presence at the property by renovating and incorporating the adjacent suite, ultimately occupying the entire building. The property benefits from its prime location along Willow Knolls Drive, offering excellent visibility and accessibility within a well-established commercial corridor.
Investment highlights
Fully leased medical office
Built-in extension option on the lease
Listing Contacts
Listed by SVN Core 3
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$93,960.00
$7,830.00/mo
Valuation Metrics
0
DSCR
6.96%
Cap Rate
6.96%
ROI
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