ARLINGTON MEDICAL OFFICE BUILDING ARLINGTON HEIGHTS, IL OFFERING MEMORANDUMEXCLUSIVE LISTED BY: HTTP://REALTY.SWILABS.COM worldwidescout @ yahoo . com
ARLINGTON MEDICAL OFFICE BUILDINGARLINGTON HEIGHTS, IL Investment overview The Arlington Medical Office Building is a 30,010 square foot Class A. Medical Office Building located in affluent Arlington Heights, IL 15 miles from Chicago. The property is currently well leased with great upside potential for more rent, and is located 1 mile from Northwest Community Hospital which is recognized as the Northwest Suburbs of Chicagos Premier Hospital. Investment Highlights- 1 Mile to Premier Hospital A major tenant is Advocate Health Care which is- 1/2 mile From Full I-90 Interchange an outpatient clinic. Advocate has an unmovable base and is largest fully integrated non for profit health care system in- Class A Medical Office metropolitan Chicago and is recognized as one of the top ten- Top Health Care Providers as tenants systems in the country. More then 24,000 people work at Advocate, making it one of Chicagolands 10 largest employers and the fourth largest in the private sector. The remaining tenants are local medical specialized practitioners. At a great Cap rate this property offers an investor a tremendous opportunity to enter or expand into a premier established Medical Office Market.
ARLINGTON MEDICAL OFFICE BUILDING ARLINGTON HEIGHTS, IL Offering Summary Price $ 4,435,313 Gross Square Feet 30,010 Rentable Square Feet 30,010 Year Built/Remodeled 1988 / 1998 Parcel Size 1.5 Acres VITAL DATA CAP Rate - Current 9.0% Net Operating Income - Current $399,178Th is in f orm a t io n ha s be e n se c ur e d f ro m sou rc e s w e be l ie v e t o be re l i a bl e, but w e ma ke no r ep re s e nt a t i on s or w a r ra nt i e s , e xpr e ss e di m pl i e d, as t o t h e acc u rac y of t he i nfo rmat i on . R efe r e nc e s t o sq uar e foot ag e or age are ap p roxi ma t e . Bu ye r mu st v e ri f y t h ei n f orm a t io n a nd b e a rs a l l r is k f or a ny i n a cc u ra c ie s . AB CommercialCONTACT HTTP://REALTY.SWILABS.COM - WORLDWIDESCOUT @ YAHOO . COM 3
ARLINGTON MEDICAL OFFICE BUILDING ARLINGTON HEIGHTS, IL Rent Roll Monthly Total Total Monthly CAM, Lease Base Gross Annual Proration Monthly Start Lease INS, Taxes Tenants Suite # Rent Rent Rent Factor Rent Sq. Ft Date Expires Advocate Medical Oct- Group 2nd Floor $25,936.58 $10,709.27 $36,645.85 $439,750.24 0.5513 $36,645.85 16381 10 Sep-12 Sep- Barnes & Klatt, PC 1127-1129 $3,836.92 $1,688.26 $5,525.18 $66,302.16 0.1033 $5,525.18 3071 07 Aug-18 Apr- $4,900.03 $1,291.75 0.1102 3,301 Apr-11 08 Sleep Solutions 1132-1134 $6,191.78 $74,301.36 $6,191.78 Apr- Fortune Personnel 1146 $1,750.00 $92.05 $1,842.05 $22,104.60 0.0420 $1,842.05 1248 10 Mar-13MD Orthotic/Prosthetic 1137 $1,604.17 $1,604.17 $19,250.04 0.0337 $1,604.17 1000 Jul-10 Jul-11 Vacant 1148 $0.00 $0.00 $0.00 $0.00 0.0186 $0.00 552 Vacant 1141-1142 $0.00 $0.00 $0.00 $0.00 0.0537 $0.00 1596 Vacant 1139&1144 $0.00 $0.00 $0.00 $0.00 0.0790 $0.00 2347 Vacant 1125 $0.00 $0.00 $0.00 $0.00 0.0074 $0.00 219 TOTAL $38,027.70 $13,781.33 $51,809.03 $621,708.40 29715
ARLINGTON MEDICAL OFFICE BUILDING – FINANCIAL OVERVIEWARLINGTON HEIGHTS, IL ANNUAL INCOME $621,708.40 ANNUAL EXPENSES RE Taxes $183,829.20 Insurance $8,996.00 HVAC $0.00 Snow Removal $4,000.00 Lawn Care $2,040.00 Security/Alarm $1,200.00 Electricity $9,552.99 Water & Sewer $1,526.49 Trash $2,652.81 cleaning $6,000.00 Plumbing Elevator $2,732.72 Total Expenses $222,530.21 Net Operating Income $399,178.19 Net Operating Income $399,178.19
ARLINGTON MEDICAL OFFICE BUILDING ARLINGTON HEIGHTS, IL Location Overview INVESTMENT HIGHLIGHTS Affluent Area 1 mile from Northwest Community Hospital 15 miles from Chicago Pro business community 1/2 mile from full I-90 interchange The Arlington Medical Office Building is situated in the affluent Northwest suburb of Arlington Heights. The property is located 1 mile from Northwest Community Hospital and 1/2 a mile from a full I-90 interchange. The building is 15 miles from Chicago Arlington Heights is an established bedroom community home to famous Arlington Park Racetrack. While retaining its suburban feel Arlington Heights has seen its downtown area revitalized like no other in metropolitan chicagoland. With its new highrise residential developments and theatre district,Arlington Heights has retained its long-time residents while attracting younger generations. Having an established Medical Building in this market is a once in a life time opportunity.Th is in f o rm a t i o n h a s be e n s e c u r e d f r o m s ou r c e s w e b e l ie v e t o be r e l i a bl e, b ut w e m a k e n o r ep re s e n t a t i on s or w a r r a n t i e s , e xp r e s s e d ori m p l i e d, as t o t h e acc u r ac y o f t he i n fo r ma t i on . R efe r e n c e s t o sq ua r e f oot ag e or a ge ar e a p p r oxi m a t e . Bu y e r m u st v e r i f y t h ei n f or m a t io n a nd b e a r s a l l r i s k f or a ny i n a c c u r a c ie s . A B Co m m erci alCO NTA CT A NA ND BH ATT - AA BHA TT@ GM AI L.CO M 11
ARLINGTON MEDICAL OFFICE BUILDINGARLINGTON HEIGHTS, IL Aerial Photo 12
ARLINGTON MEDICAL OFFICEBUILDINGARLINGTON HEIGHTS, ILOFFERING MEMORANDUMEXCLUSIVE LISTED BY: HTTP://REALTY.SWILABS.COM worldwidescout @ yahoo . com 209-975-SELL