The U.S. CBRE Healthcare Capital Markets Group acted as the exclusive advisor for the sale of the Cadence Outpatient Portfolio in Wheaton, Illinois.
Sale Date: March 30, 2015
Sale Price: $16,975,000
Price PSF: $375
Portfolio Size: 45,269 SF
Years Built: 2000 & 2008
Occupancy: 100%
The CBRE U.S. Healthcare Capital Markets Group is pleased to announce the sale of the Cadence Outpatient Portfolio in Wheaton, Illinois for $16,975,000 or $375 per square foot. Chris Bodnar and Lee Asher of the U.S. Healthcare Capital Markets Group teamed with Gary Fazzio in the Chicago market as the Seller’s exclusive advisor.
The 100% leased Portfolio consists of two (2) medical office buildings totaling 45,269 rentable square feet located in an affluent suburb of Chicago. Approximately 78% of the portfolio is anchored by Cadence Health affiliated tenancy, which maintains an ‘AA’ investment grade credit rating from Fitch Ratings.
For more information on this sale, or if we can help with your healthcare real estate holdings, please contact us:
U.S. HEALTHCARE CAPITAL MARKETS GROUP
Chris Bodnar
Senior Vice President
+1 303 628 1711
chris.bodnar@cbre.com
Lee Asher
Senior Vice President
+1 404 504 5965
lee.asher@cbre.com
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