Capital Healthcare Properties And HSG Medical Acquire Medical Office In Lombard For $3M

The asset involved in this transaction is a medical office located at 2830 South Highland Avenue in Lombard. It covers a total area of 21,000 square feet and was sold for $3,000,000, equating to a price per square foot of $143.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $3,000,000
• Address: 2830 South Highland Avenue
• Market: Lombard
• Square Footage: 21,000
• Price Per Square Foot: $143
• Buyers: Jay Heald, Daniel Ahlering & Jack Sullivan - Capital Healthcare Properties; Kage Brown & John McLinden - HSG Medical
• Brokers: Andrew Rubin & Matthew Tarshis - Frontline Real Estate Partners

The deal involved a lease agreement with Duly Health and Care for 14,000 square feet, resulting in 100% occupancy of the property. The joint venture plans to implement property upgrades and expand its medical portfolio, which now comprises nearly 150,000 square feet and has a total value exceeding $50,000,000.