Physician Real Estate Capital Advisors Acquires Medical Office In Naperville For $15.2M
SOLD
$15,200,000
Illinois
See Similar DealsMedical Office19,900 SF
Sold 08/11/2022
SOLD
Physician Real Estate Capital Advisors Acquires Medical Office In Naperville For $15.2M
1243 Rickert Drive
See Similar DealsMedical Office19,900 SF
Sold 08/11/2022
Summary
ILLINOIS
Asset Type:Medical Office
Price Per Square Foot:$763
Total Square Footage:19,900 SF
Transaction Type:Sale
The medical office property located at 1243 Rickert Drive in Naperville has been sold for $15,200,000. This property spans a total area of 19,900 square feet, resulting in a price per square foot of $764.
Summary of transation details
- Property Type: Medical Office
- Transaction Amount: $15,200,000
- Address: 1243 Rickert Drive, Naperville
- Market: Naperville
- Square Footage: 19,900
- Price per Square Foot: $764
The sale of this medical office property was facilitated by Scott Niedergang from Physician Real Estate Capital Advisors, LLC.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$810,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$54,002.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$72,055.75
Annual Debt Service$864,669.06
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