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Local Private Investor Acquires Medical Office In Libertyville For $2.5M Represented By Marcus & Millichap
SOLD
$2,500,000
Illinois
See Similar DealsMedical Office6,300 SF
Sold 08/18/2025
SOLD
Local Private Investor Acquires Medical Office In Libertyville For $2.5M Represented By Marcus & Millichap
1234 North Milwaukee Avenue
See Similar DealsMedical Office6,300 SF
Sold 08/18/2025
Summary
ILLINOIS
Asset Type:Medical Office
Price Per Square Foot:$396
Total Square Footage:6,300 SF
Transaction Type:Sale
A medical office located at 1234 North Milwaukee Avenue in Libertyville was sold for $2,500,000. The property spans 6,300 square feet and has a price per square foot of $397. It is net leased to Forefront Dermatology.
Summary of transation details:
- Property Type: Medical Office
- Transaction Amount: $2,500,000
- Square Footage: 6,300 SF
- Price Per Square Foot: $397
- Address: 1234 North Milwaukee Avenue
- Market: Libertyville
Daniel Chumbley, Sean Sharko, and Austin Weisenbeck from Marcus & Millichap represented the buyer in this transaction, facilitating the purchase for a local private investor.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31
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