Updated Dec 4, 2024
Sila Realty Trust Inc. Acquires Burr Ridge Healthcare Facility For $59.95M
6800 Frontage Road
$59,950,000
$571/SF
Building Size
104,912 SF
Asset Type
Medical Office
Closing
Oct 2, 2023
About this deal
AI
The Burr Ridge Healthcare Facility in Burr Ridge, Illinois has been acquired by Sila Realty Trust Inc. for a total of $59.95 million. The medical office building spans over 104,912 square feet and is fully leased to Loyola University Medical Center. This academic-level healthcare facility provides a range of medical services and is strategically located near affiliated hospitals in the Chicago area.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: $59,950,000
- Square Footage: 104,912
- Address: 6800 North Frontage Road, Burr Ridge, Illinois
- Market: Burr Ridge
Sila Realty Trust Inc., led by Michael A. Seton, acted as the buyer in this transaction. On the other hand, Healthcare Realty served as the seller. This deal showcases Sila Realty Trust Inc.'s continued investment in the healthcare real estate sector in the Chicago area.
On the Map
$59,950,000
$571/SF
Medical Office
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Burr Ridge 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
0.26%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93