Will Germain Of MCB Science Health Acquires Medical Office In Naperville For $28M

The medical office property located at 1331 75th Street in Naperville was sold for $28 million. This asset encompasses 72,468 square feet and has a price per square foot of $386. The building is nearly full and is anchored by Endeavor Health, which has secured a long-term lease, indicating a stable investment in the medical office sector.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $28,000,000
• Address: 1331 75th Street
• Market: Naperville
• Square Footage: 72,468
• Price Per Square Foot: $386
• Buyer: Will Germain - MCB Science + Health
• Seller: Ali Setork - DynaCom Management
• Broker: Jason St. John - Greenstone Partners

This transaction marks MCB Science + Health's first medical office purchase in the Chicago area, highlighting the ongoing demand for stable medical office properties within the commercial real estate market.