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

Property Image
SOLD
$6,000,000
Arjav (AJ) Patel
Jason St. John

Illinois

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Medical Office55,000 SF
Sold 08/25/2025
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SOLD

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

1952 Mcdowell Road

See Similar Deals
Medical Office55,000 SF
Sold 08/25/2025
Arjav (AJ) Patel
Jason St. John
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:Medical Office
Price Per Square Foot:$109
Total Square Footage:55,000 SF
Transaction Type:Sale

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.

Players

Jason St. John
Greenstone Partners
Jason St. John
26 deals$200.7M volume
BROKER
Arjav (AJ) Patel
Greenstone Partners
Arjav Patel
8 deals$34.3M volume
BROKER
Greenstone Partners
Greenstone Partners
BROKERAGE

Details

SOLD
IMAGE: Arjav Patel & Jason St. John DATE: 08/25/2025 ADDRESS: 1952 Mcdowell Road MARKET: Naperville ASSET TYPE: Medical Office BUYER: Babar Raza SELLER: McBonds Millar LLC BROKERS: Arjav Patel (@Arjav.Patel) & Jason St. John (@JasonStJohn) - Greenstone Partners (@GreenstonePartners) SALE PRICE: $6,000,000 SF: 55,000 ~ PPSF: $109 NOTE: A 55,000-square-foot medical office building at 1952 McDowell Road in Naperville sold for $6 million to Babar Raza. McBonds Millar LLC was the seller, represented by Greenstone Partners, with the property 86% leased and Advanced Behavioral Health Services anchoring 33% through 2029.

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