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8658 S Sacramento AveChicago, IL 60652
8658 S Sacramento Ave | Chicago
Asset ClassHealthcare Facility, Office
overview of deal

Overview

8658 S Sacramento is a single story medical building built in 2000 for the Social Security Administration (SSA) who occupied the project until 2022. Ownership then did a conversion to medical use by leasing building to two medical tenants.

 

This building provides an opportunity for an investor to acquire a newly leased building by two medical tenants who have contributed significant improvement dollars to their space and are dedicated to the area and site with long term leases.

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Investment Highlights

Occupancy
100%
Square Feet
22,174
Weighted Average Lease Term
16.37 Years
Year Built
2000
  • Two Tenants (100% Occupied)
  • Long Term WALT (16.37 Years)
  • CON Approved Site
  • +/- 1.25 Acre Site
  • Dedicated Secured Parking On Site
  • Located Near Numerous Medical, Retail & Restaurants

Investment Overview

8658 S Sacramento
Asking Price
$6,913,792
Square Feet
22,174
Taxes (2023 Payable in 2024)
$102,614 ($4.63/SF)
OP EX (Sept 2023-Aug 2024)
OP EX (Sept 2023-Aug 2024)
NOI
$449,396
Cap Rate
6.50%
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8658 S Sacramento AveChicago, IL 60652

Capital Markets Group

Adam JohnsonExecutive Vice President6303170729ajohnson@hiffman.com
Brian EdgertonSenior Vice President6306930671bedgerton@hiffman.com
Tom GnadtSenior Associate Broker6306930659tgnadt@hiffman.com

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Listing provided by Revere CRE