2005 Jacobssen Dr - Medical FOR SALE
Normal, IL 61761 |
$1,450,000 USD
262-844-5111
2005 Jacobssen Dr
Normal, IL 61761
HIGHLIGHTS
- Prominent Multi-Specialty Clinic: This property is anchored by a well-established, multi-specialty medical clinic that attracts a wide range of patien
- Built-In Rental Increase of 3.5% in 2027: The lease structure includes a scheduled rent escalation of 3.5% in 2027, ensuring built-in income growth. T
- Recent Renovation: The property has recently undergone significant upgrades, enhancing its overall appeal and reducing near-term capital expenditure r
- Located in a Medical Corridor: Strategically situated within a thriving medical corridor, the property benefits from strong synergies with neighboring
FOR SALE DETAILS
PRICE
$1,450,000 USD
PRICE/SF
$81 USD /SF
CAP RATE
7.71%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Springfield Clinic
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
B
YEAR BUILT
2005
SPRINKLERS
-
PARKING SPACES
55
LAND DETAILS
LAND ACRES
1.28 AC
LAND SF
55,815 SF
ZONING
C-1
APN/PARCEL ID
14-24-355-001
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262-844-5111
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262-844-5111
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