OFFERS REQUESTED BY THURSDAY, JUNE 15, 2017 – 5:00 PM CDT
The Offering
CBRE’s Healthcare Capital Markets Group is pleased to exclusively offer Fox Valley Centre for Health (the “Property”) for purchase. Fox Valley Centre for Health is located in St. Charles, Illinois, a western suburb of Chicago, less than three miles from Northwestern Medicine Delnor Hospital. Built in 2009, the two-story, 45,397-rentable square foot facility was constructed with the highest quality finishes and is the only Class A medical office building in the submarket.
The Property is currently 87.5% leased with 53.8% leased to Advocate Medical Group. Advocate Medical Group is part of Advocate Health Care (Moody’s ‘A2’), one of the top 10 health care systems in the country, and the largest health care delivery system in the state of Illinois. In addition, 14.2% of the Property is leased by DuPage Medical Group, Illinois’ leading multi-specialty group practice, with more than 560 primary care and specialty physicians in more than 70 locations. Medical services offered at the Property include mammography, obstetrics & gynecology, pediatrics, otolaryngology (ENT), audiology, dermatology, reproductive medicine and dentistry.
Investment Highlights
- Investment-Grade Health System Tenancy
- Proximate to Northwestern Medicine Delnor Hospital
- Class A Property with Minimal Capital Exposure
- Value-Add Opportunity Through Lease-Up
- High-Caliber, Synergistic Tenant Mix
- Favorable Net Lease Structure
- Exceptional Demographics
- Appealing Aging Trends
- Delivered Free and Clear of Existing Debt
Investment Summary
Price: Best Offer
Address: 3310 W Main Street, St Charles, IL 60175
Year Built: 2009
Size: 45,397 RSF
Occupancy: 87.5%
Pro Forma NOI: $936,955
In-Place NOI: $871,156
Contact Information
CBRE U.S. Healthcare Capital Markets Group
Lee Asher
Executive Vice President
+1 404 504 5965
lee.asher@cbre.com
Chris Bodnar
Executive Vice President
+1 303 628 1711
chris.bodnar@cbre.com
Sabrina Solomiany
Director
+1 404 812 5109
sabrina.solomiany@cbre.com
CBRE Investment Properties
William J. Novelli, Jr., CCIM
Senior Vice President
+1 630 573 7084
william.novelli@cbre.com
CBRE Debt & Structured Finance
Greg Greene
Senior Vice President
+1 214 949 5617
greg.greene@cbre.com
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