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Sandstone Care - Darien, IL 8140 S Cass Ave

6,412 SF Office Building Darien, IL 60561 £1,424,034 (£222/SF) 6.75% Net Initial Yield

Investment Highlights

  • Sandstone Care is backed by the Vistria Group, a private equity fund with a focus in healthcare businesses
  • Darien, 23-miles from downtown Chicago, is connected by Interstate 55 for an easy, 25-mile commute to the city
  • Average household income of $157,205 and a population of 203,463 residents within a 5-mile radius
  • Founded in 2015, Sandstone Care operates 34 locations nationwide; this location only provides outpatient services
  • 6+ years remaining on private equity- backed triple net (NNN) lease with limited landlord responsibilities
  • The global substance abuse treatment market is projected to grow from USD 12.81 billion in 2023 to USD 36.83 billion

Executive Summary

Sands Investment Group is pleased to exclusively offer for sale the 6,412 SF Sandstone Care outpatient facility, located at 8140 South Cass Avenue in Darien, IL. This deal includes 6+ years remaining on a private equity-backed triple net (NNN) lease with limited landlord responsibilities, providing for a secured investment.

In Cooperation With Sands Investment Group Illinois, LLC - Lic. #481013714 BOR: Andrew Ackerman Lic. IL #471021429

Property Facts

Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
6,412 SF
Building Class
B
Year Built
1998
Price
£1,424,034
Price Per SF
£222
Net Initial Yield
6.75%
NOI
£96,122
Tenancy
Single
Number of Floors
1
Typical Floor Size
6,412 SF
Building FAR
0.22
Land Acres
0.68 AC
Zoning
O, Office
Parking
28 Spaces (4.97 Spaces per 1,000 SF Leased)

Amenities

  • Signage

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Sandstone Care
  • Health Care and Social Assistance
  • 6,412 SF
  • £15.01
  • Triple Net
  • Oct 2030
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Sandstone Care Health Care and Social Assistance 6,412 SF £15.01 Triple Net Oct 2030

Links

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PROPERTY TAXES

Parcel Number 09-33-213-017 Improvements Assessment £192,035
Land Assessment £39,387 Total Assessment £231,422

PROPERTY TAXES

Parcel Number
09-33-213-017
Land Assessment
£39,387
Improvements Assessment
£192,035
Total Assessment
£231,422
(310) 695-6239

  • Listing ID: 33163234

  • Date on Market: 13/09/2024

  • Last Updated:

  • Address: 8140 S Cass Ave, Darien, IL 60561

The Office Property at 8140 S Cass Ave, Darien, IL 60561 is currently available For Sale. Contact Sands Investment Group Santa Monica, LLC for more information.

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Benjamin Brigham

(310) 695-6239

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Jason May

(310) 626-1852

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