Darryl E. Freling Of MedProperties Realty Advisors Acquires Millennium Medical Center In Chicago Ridge
10604 Southwest Highway
Building Size
41,540 SF
Asset Type
Medical Office
Closing
Jul 29, 2025
AI
The property asset involved in this transaction is the Millennium Medical Center, located at 10604 Southwest Highway in Chicago Ridge. This medical office building, completed in 2018, has a total square footage of 41,540 and is anchored by a US Oncology affiliate.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: Not specified
- Buyer: Darryl E. Freling
- Buyer’s Company: MedProperties Realty Advisors
- Lender: Old National Bank
Darryl E. Freling from MedProperties Realty Advisors has successfully acquired the property from its original physician developers, with the acquisition financed by Old National Bank.
Players
Chicago Ridge Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale 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