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Office Medical

HSHS and Northwestern Medicine

1192 E Pershing Rd, Decatur, IL 62526

Listing Price: $1,540,925

Cap Rate
7.75%
Gross SF
6,110
Rentable SF
6,110
Price/Gross SF
$252.20
Occupancy
100.0%
Year Built
2000
Lot Size
0.92 acres

Investment Overview

Marcus & Millichap is pleased to present the HSHS and Northwestern Medicine building in Decatur, Illinois. The property is 100 percent occupied by three medical tenants, two with triple-net leases and one gross lease. The Hospital Sisters Health System or HSHS is a non-profit healthcare system headquartered in Springfield, Illinois. HSHS operates a network of 15 hospitals and other healthcare facilities throughout the midwestern states of Illinois and Wisconsin. Their total revenue for 2020 was $2.5 billion. Northwestern Medicine, formerly Northwestern Memoria Healthcare, is a non-profit healthcare system affiliated with the Northwestern University Feinberg School of Medicine, in Chicago, Illinois. Members include research hospitals, acute care facilities, and academic centers. Northwestern's total revenue for 2020 was over $6.28 billion.

Investment Highlights

  • 100 Percent Occupied Medical Office Building | Two Triple-Net Leases | One Gross Lease | All With Two Percent Annual Increases
  • Hospital Sisters Health System (HSHS) | Revenue of $2.5 Billion in 2020
  • Northwestern Medicine | Revenue of $6.28 Billion in 2020
  • Vero Clinic | Integrative Medicine Specialist
  • Ample Parking | Concrete Surface | Minimal Maintenance
  • Pitched Shingle Roof | Longer Life Expectancy
  • No Deferred Maintenance

Exclusively Listed By

Office Medical

HSHS and Northwestern Medicine

Listing Price: $1,540,925

Cap Rate
7.75%
Gross SF
6,110
Rentable SF
6,110
Price/Gross SF
$252.20
Occupancy
100.0%
Year Built
2000
Lot Size
0.92 acres

Investment Highlights

  • 100 Percent Occupied Medical Office Building | Two Triple-Net Leases | One Gross Lease | All With Two Percent Annual Increases
  • Hospital Sisters Health System (HSHS) | Revenue of $2.5 Billion in 2020
  • Northwestern Medicine | Revenue of $6.28 Billion in 2020
  • Vero Clinic | Integrative Medicine Specialist
  • Ample Parking | Concrete Surface | Minimal Maintenance
  • Pitched Shingle Roof | Longer Life Expectancy
  • No Deferred Maintenance

Investment Overview

Marcus & Millichap is pleased to present the HSHS and Northwestern Medicine building in Decatur, Illinois. The property is 100 percent occupied by three medical tenants, two with triple-net leases and one gross lease. The Hospital Sisters Health System or HSHS is a non-profit healthcare system headquartered in Springfield, Illinois. HSHS operates a network of 15 hospitals and other healthcare facilities throughout the midwestern states of Illinois and Wisconsin. Their total revenue for 2020 was $2.5 billion. Northwestern Medicine, formerly Northwestern Memoria Healthcare, is a non-profit healthcare system affiliated with the Northwestern University Feinberg School of Medicine, in Chicago, Illinois. Members include research hospitals, acute care facilities, and academic centers. Northwestern's total revenue for 2020 was over $6.28 billion.

Exclusively Listed By

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