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Prairie Glen Medical Office Center Investment Opportunity | 6.5% Cap Rate

2551, 2591 Compass Road
Glenview, IL 60026
PRICE : $15,950,000
PROPERTY TYPE: Office
SITE SIZE: 4.13 Acres
BUILDING SIZE: 44,200 SF

Highlights

  • Easily accessible to I-294 and I-94 for travel to and from downtown and surrounding suburbs
  • Affluent community with average household income greater than $140K within a 1 mile radius
  • Health system tenants include Advocate Health Care
  • Leases are pro-landlord, NNN in structure with annual escalations and guarantees
  • Property will be delivered free and clear of any debt
  • Abundant 4:1 parking ratio which includes cross easements for additional parking
  • Weighted average lease expiration is 8 year 10 months
  • Impressive tenant credit ratings
  • 82% of the space includes credit tenants
  • Offered at a 6.5% cap rate
  • In cooperation with Illinois Dimitri Development, LLC, IL License #471.012448

Description

Bull Realty is pleased to offer you with an opportunity to acquire 2551 & 2591 Compass Road within Prairie Glen Medical Office Center in Glenview, IL. Centrally located to large Chicago based hospitals and healthcare systems Prairie Glen attracts large private practices and health system tenants.

The tenant mix is 100% medical and includes dermatology, gastroenterology surgery center, pediatrics, rehabilitation, laboratory, ophthalmology and medical genetics. What was once Naval Air Station Glenview is now The Glen, a popular & prestigious 1.5 square mile mixed use development with new homes, offices, retail, restaurants, a children’s museum, two golf courses, walking and biking trails, an assisted living facility and much more. These medical office buildings have high exposure located inside The Glen.

For more detailed information including the rent roll, cash flow statement and lease information kindly return the Confidentiality Agreement on the last page of this Offering Memorandum.

An additional 30,000 SF in 2501 Compass Road will be offered shortly.

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