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Office Medical

Northwestern Medicine

10003 US-30, Waterman, IL 60556

Listing Price: $889,409

Cap Rate
8.00%
Gross SF
3,449
Rentable SF
3,449
Price/Gross SF
$257.87
Year Built
2009
Lot Size
1.00 acres

Investment Overview

Marcus & Millichap is pleased to present this single-tenant medical office asset that consists of 3,449 square feet built-to-suit in 2009. The asset occupied by Northwestern Medicine who carries Moodys Aa2 credit under a NNN lease with term through December 31st, 2021.This location is strategically positioned for Northwestern Medicine being between their hospital campuses in DeKalb and Sandwich, Illinois. This investment allows for an investor to own a premier medical asset in Waterman, Illinois with minimal landlord responsibility.

This location was developed by the owners PG Architecture Design/Build as one of their core investments. PG Architecture Design/Build is a premier architecture and design build firm that specializes in medical and financial facilities. They has been in business since 1968 and received numerous rewards in design including Excellence in Architecture, American Institute of Architects, and Heart of Rockford awards. Waterman is a village in DeKalb County, Illinois. It is located about 60 miles west of Chicago, Illinois. The village is known for the Waterman and Western train line that operates in Lion s Club Park. This 1/3 scale train line comprises a 1/2 mile train line circling the park and is a hobby of local residents.

Investment Highlights

  • Build-to-suit back by NMHC Moodys Aa2 credit
  • Very passive NNN lease with little landlord responsibility
  • 2009 construction low maintenance facility

Exclusively Listed By

Office Medical

Northwestern Medicine

Listing Price: $889,409

Cap Rate
8.00%
Gross SF
3,449
Rentable SF
3,449
Price/Gross SF
$257.87
Year Built
2009
Lot Size
1.00 acres

Investment Highlights

  • Build-to-suit back by NMHC Moodys Aa2 credit
  • Very passive NNN lease with little landlord responsibility
  • 2009 construction low maintenance facility

Investment Overview

Marcus & Millichap is pleased to present this single-tenant medical office asset that consists of 3,449 square feet built-to-suit in 2009. The asset occupied by Northwestern Medicine who carries Moodys Aa2 credit under a NNN lease with term through December 31st, 2021.This location is strategically positioned for Northwestern Medicine being between their hospital campuses in DeKalb and Sandwich, Illinois. This investment allows for an investor to own a premier medical asset in Waterman, Illinois with minimal landlord responsibility.

This location was developed by the owners PG Architecture Design/Build as one of their core investments. PG Architecture Design/Build is a premier architecture and design build firm that specializes in medical and financial facilities. They has been in business since 1968 and received numerous rewards in design including Excellence in Architecture, American Institute of Architects, and Heart of Rockford awards. Waterman is a village in DeKalb County, Illinois. It is located about 60 miles west of Chicago, Illinois. The village is known for the Waterman and Western train line that operates in Lion s Club Park. This 1/3 scale train line comprises a 1/2 mile train line circling the park and is a hobby of local residents.

Exclusively Listed By

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