Marcus & Millichap Brokers $3.44M Sale Of Medical Office Fully Leased To Aurora Health Care
7505 West Grand Avenue
$3,438,000
$343/SF
Building Size
10,000 SF
Asset Type
Medical Office
Closing
May 13, 2026
AI
A medical office building located at 7505 West Grand Avenue in Gurnee, IL, has been sold for $3,438,000. The asset consists of 10,000 square feet on a 1.1-acre site, fully leased to Aurora Health Care, indicating its established presence in the healthcare sector.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $3,438,000
- Address: 7505 West Grand Avenue
- Market: Gurnee, IL
- Square Footage: 10,000 SF
- Price Per SF: $344
- Brokers: Frank Roti, Brett Rodgers & Brian Munn - Marcus & Millichap
This transaction was facilitated by Marcus & Millichap, demonstrating a strong demand for stabilized healthcare-anchored properties in high-traffic areas near I-94 and I-294. The deal was completed as part of a 1031 exchange.
Players
Elmwood Park 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
4.61%
Cash-on-Cash
-1.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93