Updated Aug 29, 2025
Babar Raza Acquires Medical Office Building In Naperville For $6 Million From McBonds Millar LLC
1952 Mcdowell Road
$6,000,000
$109/SF
Building Size
55,000 SF
Asset Type
Medical Office
Closing
Aug 25, 2025
About this deal
AI
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.
On the Map
$6,000,000
$109/SF
Medical Office
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Players
Naperville 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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93