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News Release: Just Sold – Linden Oaks Behavioral Health Outpatient Center

November 16, 2020

CBRE Healthcare & Life Sciences Capital Markets

Just Sold

Linden Oaks Behavioral Outpatient Center
Naperville, Il

Transaction Highlights

Date Sold: 11/13/2020

Size: 43,340 Sf

Occupancy: 100%

Linden Oaks Behavioral Outpatient Center

CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the sale of Linden Oaks Behavioral Health Outpatient Center (the “Property”). Chris Bodnar, Lee Asher, Ryan Lindsley, Jordan Selbiger, Sabrina Solomiany and Zack Holderman partnered with Gary Fazzio in the Illinois market to act as the seller’s exclusive advisors.

The Property is located in one of the most affluent communities in the Midwest, Naperville, Illinois, approximately 30 miles west of downtown Chicago. The ±43,340 square foot, two-story facility was constructed in 1986 and is 100% leased to Naperville Psychiatric Ventures dba Linden Oaks Hospital, a wholly owned and operated subsidiary of Edward-Elmhurst Health (EEH), one of the larger integrated health systems in Illinois.

At this facility EEH provides comprehensive behavioral health services to the community with a team of experienced psychiatrists, psychologists, physician assistants, advanced practice psychiatric nurses and counselors/therapists, who specialize in adolescent and adult behavioral health services.

The Property is located in the affluent community of Naperville on North Mill Street just south of Interstate Highway 88, the major east-west artery that connects downtown Chicago with Davenport/Moline in the outer suburbs. Approximately 10 minutes south of the Property is the 50-acre EEH Edward Hospital Main Campus, a 352-bed, full-service medical center that is EEH’s largest facility.

For more information, or if we can help with your healthcare real estate holdings, please contact us.

CHRIS BODNAR
Vice Chairman
Investment Properties
+1 303 628 1711

LEE ASHER
Vice Chairman
Investment Properties
+1 404 504 5965

RYAN LINDSLEY
Senior Director
Investment Properties
+1 303 628 1745

JORDAN SELBIGER
Director
Investment Properties
+1 404 923 1259

SABRINA SOLOMIANY
First Vice President
Debt & Structured Finance
+1 404 536 5054

ZACK HOLDERMAN
Senior Vice President
Debt & Structured Finance
+1 858 546 4670

GARY FAZZIO
Vice Chairman
CBRE Illinois
+1 630 573 7090

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