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Marcus & Millichap Brokers $3.44M Sale Of Medical Office Fully Leased To Aurora Health Care

Property Image
SOLD
$3,438,000
Brian Munn
Frank Roti
Brett Rodgers

Illinois

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Medical Office10,000 SF
Sold 05/13/2026
the dealplayerscompscontact
Property Image
SOLD

Marcus & Millichap Brokers $3.44M Sale Of Medical Office Fully Leased To Aurora Health Care

7505 West Grand Avenue

See Similar Deals
Medical Office10,000 SF
Sold 05/13/2026
Brian Munn
Frank Roti
Brett Rodgers
the dealplayerscompscontact
Contact now

Summary

ILLINOIS
Asset Type:Medical Office
Price Per Square Foot:$343
Total Square Footage:10,000 SF
Transaction Type:Sale

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:

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

Brett Rodgers
Marcus & Millichap
Brett Rodgers
9 deals$70.7M volume
BROKER
Frank Roti
Marcus & Millichap
Frank Roti
9 deals$70.7M volume
BROKER
Brian Munn
Marcus & Millichap
Brian Munn
4 deals$24.3M volume
BROKER

Details

SOLD
IMAGE: Brian Munn, Brett Rodgers & Frank Roti DATE: 05/13/2026 ADDRESS: 7505 West Grand Avenue MARKET: Gurnee, IL ASSET TYPE: Medical Office - ACRES: 1.1 BROKERS: Frank Roti, Brett Rodgers & Brian Munn - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $3,438,000 SF: 10,000 - PPSF: $344 NOTE: Marcus & Millichap brokered the $3.44M sale of a 10,000 SF medical office building in Gurnee, Ill., fully leased to Aurora Health Care at 7505 W. Grand Ave.The Class A asset traded in a 1031 exchange-driven deal, reflecting continued investor demand for stabilized healthcare-anchored properties along high-traffic corridors near I-94 and I-294.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$183,360.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,214.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,297.87
Annual Debt Service$195,574.49