3800 Highland Ave - Medical FOR SALE


Downers Grove, IL 60515
$5,250,000 USD
512-314-3975
3800 Highland Ave, Downers Grove, IL for Sale
$5,250,000 USD
Medical - FOR SALE
1/11
null | 8.05% Cap Rate

3800 Highland Ave
Downers Grove, IL 60515


OVERVIEW

Transwestern has been exclusively retained by Ownership to offer qualified investors an opportunity to purchase Hospital Plaza Medical Building (the “Property”), a 72% condominium interest in a 21,800 square foot outpatient medical building. The majority interest includes six suites that total 15,697 rentable square feet providing a controlling share of the association. The Property is directly across the street from the 333-bed, Advocate Good Samaritan Hospital, Advocate Good Samaritan features DuPage County’s only Level I trauma center, a certified Level III neonatal intensive care unit and Magnet® recognition for nursing excellence. The hospital has served Downers Grove and the surrounding community for over 40 years. It is part of Advocate Health, the third-largest nonprofit integrated health system in the U.S. Located on 2.76 acres, the Property offers an above average parking ratio of 6/1,000 square feet and exceptional access and visibility off Highland Avenue. Located on a lighted intersection shared with the main hospital entrance, patients and staff can easily walk to the campus or head North/South into or out of the Property. Tenants benefit from proximity to the hospital and also the strong demographics in the surrounding affluent neighborhoods that bolster a household income north of $147K within a 1-mile radius.

FOR SALE DETAILS

PRICE

$5,250,000 USD

PRICE/SF

$248 USD /SF

CAP RATE

8.05%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hospital Plaza Professional Bldg

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

122

LAND DETAILS

LAND ACRES

2.76 AC

LAND SF

120,226 SF

ZONING

CRM, Downers Grove

APN/PARCEL ID

06-32-307-001,06-32-307-002,06-32-307-003,06-32-307-004,06-32-307-005,06-32-307-006,06-32-307-007,06-32-307-008,06-32-307-009,06-32-307-010,06-32-307-011,06-32-307-012

ASK ABOUT THIS PROPERTY

Seth GilfordTranswestern Real Estate ServicesMore Info
512-314-3975

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Seth GilfordTranswestern Real Estate ServicesMore Info
512-314-3975

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