Marcus & Millichap Arranges Sale Of Chicago Medical Property Net-Leased To Oak Street Health
6918 West Archer Avenue
$3,600,000
Building Size
—
Asset Type
Retail
Closing
Oct 23, 2023
About this deal
AI
A 7,466-square-foot medical property in Chicago has been sold to a California-based private investor for $3.6 million. The property is net-leased to Oak Street Health, a healthcare company with 170 locations across 21 states. Oak Street Health was recently acquired by CVS for $10.6 billion.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $3,600,000
- Address: 6918 West Archer Avenue, Chicago
- Market: Chicago
Marcus & Millichap brokered the sale of this medical property, representing the interests of both the seller and the buyer. The brokers involved in the transaction were Austin Weisenbeck, Daniel Chumbley, Jack Hopkins, and Sean Sharko from Marcus & Millichap.
Players
Chicago Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Browse Chicago retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93