Northmarq, on behalf of ownership, is pleased to offer for sale to qualified investors the opportunity to purchase the Doctor’s Plaza Portfolio located in Chicago, IL. This 27,953 square foot portfolio is comprised of two (2) single-story medical office buildings that sit on a 5.53 acre corner parcel and boasts excellent visibility and ease of access. The Doctor’s Plaza Portfolio is positioned at the corner of Army Trail Road and Brighton Drive with car visibility totaling over 31,000 cars per day. The medical portfolio is in the heart of the Bloomingdale medical corridor and is currently 85% occupied.
The Doctor’s Plaza portfolio is anchored by Duly Health and Care, previously known as DuPage Medical Group, which occupies 7,647 square feet (27.03% of the GLA), Midwest Speech Therapy, Nest Pediatrics and Bubbles Pediatrics. Currently, Midwest Speech Therapy has just executed a lease extension and expansion. The landlord has recently executed two new leases and continues to have strong leasing activity at the Doctor’s Plaza portfolio. A new investor can continue to enhance the overall yield by continuing to lease-up the remaining vacancy at the park and lift rental rates over their hold period. The Doctor’s Plaza portfolio is highlighted by a number of factors, including an impressive tenant roster, tremendous leasing velocity, and an exceptional healthcare location amidst a highly desirable patient population.
The landlord has recently executed two new leases and continues to have strong leasing activity in the Doctor’s Plaza portfolio. A new investor can continue to enhance the overall yield by continuing to lease up the remaining vacancy at the park lift rental rates over their hold period. The Doctor’s Plaza portfolio is highlighted by several factors, including an impressive tenant roster, tremendous leasing velocity, and an exceptional healthcare location amidst a highly desirable patient population.