406 Hartman Ln - Medical FOR SALE
O'Fallon, IL 62269 |
$975,000 USD
561-512-1658
406 Hartman Ln
O'Fallon, IL 62269
HIGHLIGHTS
- A+ (S&P) rated tenant — HSHS operates 14 hospitals across Illinois and Wisconsin
- 11.35% going-in cap rate with $110,629 annual NOI
- 2% annual rental increases delivering consistent contractual NOI growth
- Fully redeveloped in 2021, limiting near-term capital requirements
- Established retail corridor with Walmart, Home Depot, CVS, and Starbucks nearby
- Affluent trade area with average household incomes exceeding $107,932
FOR SALE DETAILS
PRICE
$975,000 USD
PRICE/SF
$300 USD /SF
CAP RATE
11.35%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
HSHS Administration Center
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
B
YEAR BUILT
2003
SPRINKLERS
-
PARKING SPACES
14
LAND DETAILS
LAND ACRES
0.91 AC
LAND SF
39,640 SF
ZONING
C1
APN/PARCEL ID
03-25.0-328-017
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561-512-1658
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561-512-1658
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