Joe Caltabiano Of Healing Realty Trust Inc. Acquires Medical Office In Oak Lawn For $4.29M

The property involved in the transaction is a medical office asset located at 4928-5000 West 95th Street in Oak Lawn, Illinois. It encompasses a total square footage of 21,805 and was sold for a price of $4,290,520, translating to a price per square foot of $197. The medical office strip center is fully leased and accommodates 10 specialty medical tenants, previously operating as a retail strip.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $4,290,520
• Square Feet: 21,805
• Price per Square Foot: $197
• Buyer: Joe Caltabiano - Healing Realty Trust Inc.
• Market: Oak Lawn

The transaction was marked by Healing Realty Trust's strategic acquisition of a stable, income-generating healthcare asset. The property benefits from its proximity to Advocate Christ Medical Center, aligning with the trust's investment goals in the healthcare sector.