Updated Oct 29, 2024
MedProperties Group Leases Medical Office To Rogers Behavioral Health In Hinsdale Transaction
907 N Elm St, Hinsdale, IL, 60521
Building Size
11,110 SF
Asset Type
Medical Office
Closing
Nov 22, 2023
About this deal
AI
The property at 907 N Elm St, Hinsdale, IL, 60521 is a medical office with a total square footage of 11,110 square feet. The property is located in the Hinsdale market and was leased by Rogers Behavioral Health, with Sylvia Van Loveren from JLL representing the tenant and MedProperties Group as the landlord.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: Not specified
- Tenant's Rep: Sylvia Van Loveren (JLL)
- Tenant: Rogers Behavioral Health
- Landlord: MedProperties Group
- Square Feet: 11,110
In addition to the lease by Rogers Behavioral Health, Advanced Pediatrics will also occupy 1,739 square feet within the property. The representation for Advanced Pediatrics was done by Bespoke Commercial's Bill Lussow. The property, situated in the Salt Creek Medical Campus, is currently 60 percent leased, with various medical offices available ranging from 2,000 to 9,500 square feet.
Players
Hinsdale Medical Office Market Snapshot
Boundary boundary · Medical Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93