312-338-7061
1600 N Randall Rd, Elgin, IL for Sale
Medical - FOR SALE
1/17
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1600 N Randall Rd
Elgin, IL 60123
Northwest Elgin


HIGHLIGHTS

  • Adjacent to Advocate Sherman Hospital
  • Major tenants include Derick Dermatology and CDH Delnor Health System

OVERVIEW

Cushman & Wakefield’s Healthcare Capital Markets is pleased to present this investment opportunity for a premier Class A medical office building located at 1600 N Randall Rd, Elgin, IL (Randall Medical Pavilion). This property spans 95,436 square feet across 6.40 acres and boasts significant potential for value-add investors to enhance occupancy from the current rate of 57% and maximize income potential. The building features a weighted average lease term (WALT) of 4.96 years (weighted average tenure of 9.94 years), with tenants operating under triple net leases and annual rent escalations of 2.50-3.00%. Strategically positioned in Elgin, IL, a prominent healthcare hub, this property benefits from its close proximity to major medical facilities such as Advocate Sherman Hospital, which is adjacent to the property. Advocate Sherman Hospital is renowned for its advanced trauma center and comprehensive medical services. Additionally, Northwestern Medicine Huntley Hospital, located about 10 miles to the northwest, offers a wide range of specialized medical care including cardiac and oncology services. Another key facility is Amita Health St. Joseph Hospital Elgin, approximately 4 miles to the southeast, known for its excellence in emergency medicine and critical care

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

A

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

350

LAND DETAILS

LAND ACRES

6.4 AC

LAND SF

278,784 SF

ZONING

PORI

APN/PARCEL ID

03-31-279-004

ASK ABOUT THIS PROPERTY

Gino LollioCushman & WakefieldMore Info
312-338-7061

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Gino LollioCushman & WakefieldMore Info
312-338-7061

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