471-473 W Army Trail Rd - Medical FOR SALE


Bloomingdale, IL 60108
$3,943,691 USD
404-635-8859
471-473 W Army Trail Rd, Bloomingdale, IL for Sale
$3,943,691 USD
Medical - FOR SALE
1/19
null | 8.75% Cap Rate

471-473 W Army Trail Rd
Bloomingdale, IL 60108


HIGHLIGHTS

  • 85% Combined Occupancy – Quality Value-Add Opportunity
  • Tremendous Access & Visibility
  • Anchored by Duly Health
  • Attractive Annual Increases
  • Solid Submarket Fundamentals
  • E-Commerce Resistant

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,943,691 USD

PRICE/SF

$141 USD /SF

CAP RATE

8.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

5.3 AC

LAND SF

230,868 SF

ZONING

BP

APN/PARCEL ID

02-20-105-021

ASK ABOUT THIS PROPERTY

Jason PowellNorthmarqMore Info
404-635-8859

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Jason PowellNorthmarqMore Info
404-635-8859

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