Southland Medical Center
10201 S Cicero Oak Lawn, IL 60453
| For Sale | $10,000,000 |
| Status | Current |
| Theodore Buenger, Jr. | 630-573-7091 |
Property Overview
| Land SF/$ Per | -/- |
| Acres/$ Per | -/- |
| Property Use | Any |
| Zoning | - |
| Parcel Number | 24-10-300-090 |
| T, R, S | -, -, - |
| Land Size | - |
| Bld SF/$ Per | -/- |
| # of Buildings | - |
| # of Units | - |
| # of Stories | - |
| Cap Rate | 8.00% |
| Multiplier | - |
| Vacancy | - |
Property Description
The subject property is a newly built facility leased as an LA Fitness health club, a Veterans Administration outpatient clinic and an Advocate Home Healthcare office. The site is an infill location with prime demographics and a shortage of quality office space.
Area Description
Oak Lawn is a high density, middle income community that supports strong demand for healthcare and fitness facilities. It is home to Advocate Christ Hospital, a major medical center serving Chicago' s southland. Cicero Avenue is a commercial artery with convenient access to the Tri-State Toll way (I-294) via 95th Street, the Main Street of the near south suburbs. Traffic counts on Cicero Ave are 47,000 vehicles per day. Over 870,000 people live within 7 miles. Advocate Christ Hospital, the 4th largest hospital in Illinois, is one mile from the subject property
Property Features
- New construction completed in February 2012
- 100% leased to three credit tenants
- LA Fitness / GSA / Advocate Home Healthcare
- LA Fitness lease is for 10 years
Financial Overview
| List Price | $10,000,000.00 |
| Down Payment | - |
| Cap Rate | 8.00% |
| Cash on Cash | - |
| Multiplier | - |
| Financial Terms | - |
| Consider Exchange | - |
Cash Flow
| CF Type | - |
| Year | - |
| Scheduled Gross | - |
| Reimbursement | - |
| Vacancy | - |
| Effective Gross | - |
| Operating Expenses | - |
| Operating Income | - |
| Debt Service | - |
| Capital Costs | - |
| Cash Flow (pre-tax) | - |
Debt Information
| Debt Type | - |
| Debt Service | - |
| Principal | - |
| Interest Rate | - |
| Amortization | - |
| Due | - |
| Loan Description | - |
General Property Information
| Property Use | Any |
| Land SF | - |
| Land Acres | - |
| Building SF | - |
| Bld SF/$ Per | -/- |
| # of Buildings | - |
| # of Units | - |
| # of Stories | - |
| Free Standing | N/A |
| Year Built | 2012 |
| Built Yet | - |
| Building Class | - |
| Zoning | - |
| Parcel Number | 24-10-300-090 |
| Lighting Description | - |
| Parking Description | 4.20 / 1,000 SF |
| Broadband | - |
| Gas | - |
| Water | - |
| Electric | - |
Listing User
