773-542-3642
10201 S Cicero Ave, Oak Lawn, IL for Sale
Medical - FOR SALE
1/6
null | 10% Cap Rate

10201 S Cicero Ave
Oak Lawn, IL 60453


HIGHLIGHTS

  • Completely renovated
  • High quality NNN Medical Tenants
  • Fully Occupied
  • 7.66 WALT
  • 7.7% Cap

OVERVIEW

Extraordinary opportunity to acquire this fully stabilized Medical Office asset anchored by the United States Department of Veterans Affairs Outpatient Clinic who just inked a new 11-year lease with a brand new $2.5m build-out to be completed September 2025. Advocate Home Health and Westside Children's Therapy occupy the other two completely renovated spaces for an impressive roster of high quality NNN medical tenants with a WALT of 7.66, renewal options, and rent increases. Property features a completely renovated 35,644 (approx.) square foot building with 141 parking spaces on an 83,656 square foot lot. 2025 Projected NOI is an impressive $923,453. Area features strong demographics, rental rates, occupancy rates and ample traffic with over 40,000 vehicles per day. Average annual household income is $86,763 with an impressive consumer spending of $4.6 Billion. Average Cap rate of comparable Medical Office properties is 6.9%.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

10%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Southland Medical Center

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

A

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

141

LAND DETAILS

LAND ACRES

2.04 AC

LAND SF

88,862 SF

ZONING

C-3

APN/PARCEL ID

24-10-300-090-0000

ASK ABOUT THIS PROPERTY

Adam LashImperial Realty CompanyMore Info
773-542-3642

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

Adam LashImperial Realty CompanyMore Info
773-542-3642

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