Babar Raza Acquires Medical Office Building In Naperville For $6 Million From McBonds Millar LLC

A 55,000-square-foot medical office building located at 1952 McDowell Road in Naperville has been sold for $6 million. The asset is part of a market characterized by its specifications in the medical sector, with 86% of the property leased, and includes Advanced Behavioral Health Services as an anchor tenant through 2029.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $6,000,000
• Address: 1952 McDowell Road
• Market: Naperville
• Square Footage: 55,000 SF
• Price Per Square Foot: $109
• Buyer: Babar Raza
• Seller: McBonds Millar LLC
• Brokers: Arjav Patel & Jason St. John - Greenstone Partners

In this transaction, Babar Raza acted as the buyer while McBonds Millar LLC served as the seller, represented by the brokerage firm Greenstone Partners through Arjav Patel and Jason St. John, detailing the collaboration that facilitated this closing deal.