3800 Highland Ave - Medical FOR SALE


Downers Grove, IL 60515
$5,431,000 USD
512-314-3975
3800 Highland Ave, Downers Grove, IL for Sale
$5,431,000 USD
Medical - FOR SALE
1/24
null | Request Cap Rate

3800 Highland Ave
Downers Grove, IL 60515


HIGHLIGHTS

  • 74% condominium interest in a 21,154 square foot medical office building
  • Completed in 1995, the property has contemporary architectural finishes with central lobby and covered walkway.
  • Property features 134 surface parking spaces for an above average ratio of 6 per 1,000 square feet located on a 2.76 acre parcel

OVERVIEW

Transwestern has been exclusively retained by Ownership to offer qualified investors an opportunity to purchase Hospital Plaza Medical Building (the “Property”), a 74% condominium interest in a 21,154 square foot outpatient medical building. The majority interest includes six suites that total 15,697 rentable square feet providing a controlling share of the association. The Property is directly across the street from the 333-bed, Advocate Good Samaritan Hospital, Advocate Good Samaritan features DuPage County’s only Level I trauma center, a certified Level III neonatal intensive care unit and Magnet® recognition for nursing excellence. The hospital has served Downers Grove and the surrounding community for over 40 years. It is part of Advocate Health, the third-largest nonprofit integrated health system in the U.S. Located on 2.76 acres, the Property offers an above average parking ratio of 6/1,000 square feet and exceptional access and visibility off Highland Avenue. Located on a lighted intersection shared with the main hospital entrance, patients and staff can easily walk to the campus or head North/South into or out of the Property. Tenants benefit from proximity to the hospital and also the strong demographics in the surrounding affluent neighborhoods that bolster a household income north of $147K within a 1-mile radius.

FOR SALE DETAILS

PRICE

$5,431,000 USD

PRICE/SF

$257 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hospital Plaza Professional Bldg

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.76 AC

LAND SF

120,226 SF

ZONING

CRM, Downers Grove

APN/PARCEL ID

06-32-307-001,06-32-307-002,06-32-307-003,06-32-307-004,06-32-307-005,06-32-307-006,06-32-307-007,06-32-307-008,06-32-307-009,06-32-307-010,06-32-307-011,06-32-307-012

ASK ABOUT THIS PROPERTY

Seth GilfordTranswestern Real Estate ServicesMore Info
512-314-3975

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Seth GilfordTranswestern Real Estate ServicesMore Info
512-314-3975

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.