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Available For Sale - Office , Healthcare

3,805 SF | Show Pricing $

AVAILABILITY DETAILS

Size
3,805 SF
Price/SF
Show Pricing $
Listing ID
SA452357
Notes
Marcus & Millichap is proud to present to market this free-standing, fully built-out suburban medical office property. The subject property is approximately 20 miles west of downtown Chicago on busy Roosevelt Road in Glen Ellyn, Illinois, DuPage County, seconds from the Interstate 355 tollway entrance and Interstates 88 and 294 interchanges for easy access by employees and patients.



Situated on a little over one acre, this 3,805-square foot, single-tenant medical office property is well suited for a number of uses including urgent care, surgical, plastic surgery, pain management, and general medical office. The current layout offers a reception and waiting room, two operating rooms, a recovery room, a lab, a clean room, a lead-lined x-ray room, five restrooms (one ADA compliant), two exam rooms, an administrative office, medical record storage, and oxygen storage.



The property is in excellent condition, gut renovated in 2009, a new roof installed in 2017, new HVAC, and a repaved parking lot in 2018. Current ownership performs regular monthly maintenance inspections, repairs, and replacements, as necessary.



The property is currently leased on a month-to-month, one-day-per-week basis to a doctor performing minimally invasive surgical procedures. This tenant is currently paying $22.55 per square foot, full-service gross for this limited use, and would like to continue with the current arrangements, utilizing this one-of-six location for his practice (since September 2019). With this, the tenant could be retained to share the property with an owner-user, another tenant, or for as long as a new investor may want to retain as a long-term full-monthly leased tenant. Market rent for medical/surgical-grade space in this area is conservatively $26 per square foot, triple-net, performing at a healthy nine percent proforma cap rate.
Uses
Office
Healthcare

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Randolph Taylor MBA CCIM, eXp Commercial
BRE# ​475.142701