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ATLAS SURGICAL GROUP 5023 N Illinois St

5,826 SF Office Building Fairview Heights, IL 62208 £3,620,025 (£621/SF) 6.75% Net Initial Yield

Investment Highlights

  • Brand new 10-year leased to be executed at closing
  • Certificate of Need (CON) Attached to the Property
  • Annual Rental Increases
  • NNN lease structure offers a passive investment opportunity to both local and national investors
  • Located in a strong medical corridor

Executive Summary

Broker of Record
Matthew M. Fitzgerald
License No. 478027547 (IL)

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
5,826 SF
Building Class
B
Year Built
2004
Price
£3,620,025
Price Per SF
£621
Net Initial Yield
6.75%
NOI
£244,352
Tenancy
Single
Number of Floors
1
Typical Floor Size
5,826 SF
Slab to Slab
15 ft
Building FAR
0.09
Land Acres
1.42 AC
Zoning
Commercial
Parking
35 Spaces (6.01 Spaces per 1,000 SF Leased)

Amenities

  • Signage

Links

1 of 1

PROPERTY TAXES

Parcel Number 03-33.0-402-045 Improvements Assessment £163,008
Land Assessment £43,147 Total Assessment £206,155

PROPERTY TAXES

Parcel Number
03-33.0-402-045
Land Assessment
£43,147
Improvements Assessment
£163,008
Total Assessment
£206,155
(866) 889-0550

  • Listing ID: 34083555

  • Date on Market: 04/12/2024

  • Last Updated:

  • Address: 5023 N Illinois St, Fairview Heights, IL 62208

The Office Property at 5023 N Illinois St, Fairview Heights, IL 62208 is currently available For Sale. Contact Matthews Real Estate Investment Services for more information.

Nearby Listings

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ATLAS SURGICAL GROUP | 5023 N Illinois St
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ATLAS SURGICAL GROUP | 5023 N Illinois St

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Matthew Swanson

(866) 889-0550

(866) 889-0550

Jacob Friedman

(847) 204-7103

(847) 204-7103

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