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Unknown LLC Acquires Medical Office In Arlington For $3M

Property Image
SOLD
$3,000,000

Washington

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Medical Office38,864 SF
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Property Image
SOLD

Unknown LLC Acquires Medical Office In Arlington For $3M

2010 S Arlington Heights Rd, Arlingto...

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Medical Office38,864 SF
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Summary

WASHINGTON
Asset Type:Medical Office
Price Per Square Foot:$77
Total Square Footage:38,864 SF
Transaction Type:Sale

The medical office building located at 2010 S. Arlington Heights Road in Arlington Heights, a Chicago suburb, spans 38,864 square feet. The property, recently sold for $3 million, is primarily occupied by medical tenants, with a current occupancy rate of 84%. Upgrades, including a new HVAC system, elevator, tile in first-floor corridors, and updated suites, have been implemented.

Summary of transaction details:

  • Property Type: Medical Office
  • Transaction Amount: $3,000,000.00
  • Address: 2010 S Arlington Heights Rd, Arlington Heights
  • Market: Arlington
  • Seller's Rep: Tami Andrew (Marcus & Millichap), Tammy Saia (Marcus & Millichap)
  • Buyer: Unknown LLC
  • SF: 38,864

Tammy Saia and Tami Andrew of Marcus & Millichap represented the seller in the transaction, a local limited liability company. The buyer, an Atlanta-based limited liability company, acquired the medical office building located in the Chicago suburb of Arlington Heights for $3 million.

Players

Tammy Saia
10 deals$25.9M volume
BROKER

Tami Andrew
Marcus & Millichap
10 deals$25.9M volume
BROKER

BUYER

Details

SOLD
IMAGE: 2010 S Arlington Heights Rd, Arlingto... MARKET: Arlington ASSET TYPE: Medical Office SELLER'S REP: Tami Andrew(Marcus & Millichap), Tammy Saia(Marcus & Millichap) BUYER: Unknown LLC PRICE: $3,000,000.00 SF: 38864

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

$160,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37