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Norwood Professional Bldg 1048-1054 Norwood Ln 5,250 SF 100% Leased Office Building Bartlett, IL 60103 $1,350,000 ($257.14/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Occupancy Lease Until 2028 and 2031
- Medical Build Out with Sinks in Exam Rooms and Private Bathrooms
- Capital Improvements- Newer Roof and AC Units
EXECUTIVE SUMMARY
Investor Opportunity. Long term Tenants anchored by Adovate Medical, 5,239 sq ft Single Story Building. Built in 1996 with recent Capital Improvements of New Roof 2023, and 3 AC Units. Located along Rt 59 Corridor with high traffic counts and Strong Financial Demographics. 100% Occupancy with Leases extended at 3% escalation. Long Standing Tenant Advocate Health and Hospitals until October 2028 and Hoffmeister Dental leased through April 2031.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
5,250 SF
Building Class
C
Year Built
1986
Price
$1,350,000
Price Per SF
$257.14
Cap Rate
6%
NOI
$81,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,250 SF
Building FAR
0.71
Lot Size
0.17 AC
Zoning
B-3 - B-3 Neighborhood Shopping District
Parking
24 Spaces (4.57 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- CNS Counseling
- -
- -
- -
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| CNS Counseling | - | - | - | Lorem Ipsum | Jan 0000 |
1 1
PROPERTY TAXES
| Parcel Number | 01-04-408-010 | Total Assessment | $292,028 |
| Land Assessment | $100,466 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $191,562 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
01-04-408-010
Land Assessment
$100,466
Improvements Assessment
$191,562
Total Assessment
$292,028
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Norwood Professional Bldg | 1048-1054 Norwood Ln
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