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1836 Freedom Drive

Updated Oct 15, 2026

Advocate Health And Hospitals Corporation Acquires Medical Office In Naperville For $23.4M
SOLDMedical Office

Advocate Health And Hospitals Corporation Acquires Medical Office In Naperville For $23.4M

1836 Freedom Drive

$23,400,000

$551/SF

Building Size

42,438 SF

Asset Type

Medical Office

Closing

Jun 1, 2026

About this deal

AI

The medical office asset involved in the transaction is located at 1836 Freedom Drive in Naperville, IL. The property encompasses 42,438 square feet and has a sale price of $23,400,000, translating to a price per square foot of $551. This single-tenant medical facility is purpose-built specifically for cardiovascular surgery and outpatient care, situated within Freedom Commons.

Summary of transaction details:

The transaction involved Advocate Health and Hospitals Corporation acquiring the Advocate Health Care Cardiovascular ASTC & Outpatient Center from HSG Medical and Capital Healthcare Properties. The property was redeveloped to cater specifically to Advocate’s cardiology program, with JLL and CBRE managing the negotiations on each side of the deal.

On the Map

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$23,400,000

$551/SF

Medical Office

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Players

Alex Sharrin

JLL

Broker

$942.4M

vol

37 deals

Broker

Eugene A. Woods

Advocate Health Care

Buyer
Buyer

John McLinden

HSG Medical

Seller

$150.7M

vol

6 deals

Seller
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Market Medical Office Market Snapshot

Boundary boundary · Medical Office · Sale transactions

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Deal FAQ

About $551 per square foot on a published $23.4M for 42,438 square feet (2026).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.68%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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