Brown, Gibbons, Lang & Company | Real Estate Partners is pleased to offer for sale the fee-simple interest in two (2) long-term leased clinical real estate assets (the “Properties”). The Properties, totaling approximately 21,350 rentable square feet, are located in the Chicago suburbs of Crest Hill, Illinois and Naperville, Illinois. Crest Hill is located 35 miles southwest of Chicago and Naperville is located 30 miles west of Chicago. Both Properties were carefully designed to be modern state-of-the-art clinical facilities for Premier Dermatology. Premier Dermatology has six (6) locations in the region with nine (9) physicians that are all certified by the American Board of Dermatology, three (3) highly qualified Physician Assistants, as well as outstanding nurses and support staff.
Opportunity Highlights
- Two (2) 100% occupied, full-service dermatology medical office buildings with a Year-1 NOI of $851,197 and 2.5% fixed annual rent escalations.
- Both Properties were designed and built to be eco-friendly, efficient, and functional patient-centered facilities.
- Premier Dermatology is physician-owned with 9 board-certified dermatologists and 3 highly qualified physician assistants performing various surgical and cosmetic procedures.
- The Properties are located in highly visible and accessible locations with proximity to residential communities and other clinical facilities providing a consistent base of patients and a reliable referral network.
- Premier Dermatology has an attractive payor mix with 63% of its patients covered by commercial insurance and 29% covered by Medicare.
- Consistent and stable historical EBITDAR Rent Coverage Ratios with a 2014 ratio of approximately 3.91x.
View the Executive Summary for more information.
Bypass the online summary and directly execute the Confidentiality Agreement
Reminder – Call for Offers Date: Wednesday, August 19th, 2015
Submit Offers to: Christopher L. Stai | cstai@bglco.com
Contact Information
Christopher L. Stai, CPA
Managing Director
Brown Gibbons Lang | Real Estate Partners
Direct: 949.936.2665 | cstai@bglco.com
Clinton J. Parker
Managing Director
Brown Gibbons Lang | Real Estate Partners
Direct: 210.352.5832 | cparker@bglco.com
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