Updated Sep 5, 2024
Marcus & Millichap Sells Fresenius Medical Office In Westmont For $6.3M
700 Pasquinelli Drive
$6,300,000
Building Size
—
Asset Type
Medical Office
Closing
Sep 18, 2023
About this deal
AI
The property at 700 Pasquinelli Drive in Westmont, Illinois, was recently sold by Marcus & Millichap for $6.3 million. This medical office serves as a vascular repair center operated by Makris MD Vascular Center, a subsidiary of Fresenius Medical Care. The property has a ten-year lease with annual rental increases.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: $6,300,000
- Address: 700 Pasquinelli Drive, Westmont, Illinois
- Market: Westmont
The sale was facilitated by the brokers Austin Weisenbeck and Sean Sharko from Marcus & Millichap. They successfully closed the deal for the Fresenius medical office property, ensuring a smooth transaction for all parties involved.
Players
Westmont 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
2.52%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93