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Sila Realty Trust Inc. Acquires Burr Ridge Healthcare Facility For $59.95M

Property Image
SOLD
$59,950,000

Illinois

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Medical Office104,912 SF
Sold 10/02/2023
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Property Image
SOLD

Sila Realty Trust Inc. Acquires Burr Ridge Healthcare Facility For $59.95M

6800 Frontage Road

See Similar Deals
Medical Office104,912 SF
Sold 10/02/2023
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:Medical Office
Price Per Square Foot:$571
Total Square Footage:104,912 SF
Transaction Type:Sale

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.

Players

MS
Michael A. Seton
3 deals$174.6M volume
BUYER
HR
Healthcare Realty
SELLER

Details

SOLD
IMAGE: Michael A. Seton DATE: 10/02/2023 ADDRESS: 6800 North Frontage Road MARKET: Burr Ridge ASSET TYPE: Medical Office ~ ACRES: 6.9 BUYER: Sila Realty Trust Inc. - Michael A. Seton SELLER: Healthcare Realty SALE PRICE: $59,950,000 SF: 104,912 ~ PPSF: $571 NOTE: Sila Realty Trust has acquired the Burr Ridge Healthcare Facility in Burr Ridge, Illinois, for $59.95 million. The 104,912 square foot medical office building is fully leased to Loyola University Medical Center and serves as an academic-level healthcare facility offering various medical services, strategically located near affiliated hospitals in the Chicago area.

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