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Diamond Physical Therapy 1100-1140 Algonquin Rd 4,433 SF Retail Building Algonquin, IL 60102 $692,410 ($156.19/SF) 8.25% Cap Rate
Investment Highlights
- Single-tenant medical office investment leased to Diamond Physical Therapy
- Strategically positioned along a highly trafficked commercial corridor in Algonquin, Illinois, the property benefits from excellent frontage
- The investment offers attractive built-in income growth through scheduled contractual rent escalations throughout the lease term
- The asset is located within Chicago’s growing northwest suburban market, an area characterized by steady population growth
Executive Summary
Matthew M. Fitzgerald
License # 471021676, 478027547 (IL)
Matthews Real Estate Investment Services, Inc
600 W Fulton, Ste 100 Chicago, IL 60661
(866) 889-0550
License # 471021676, 478027547 (IL)
Matthews Real Estate Investment Services, Inc
600 W Fulton, Ste 100 Chicago, IL 60661
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
4,433 SF
Building Class
B
Year Built
2008
Price
$692,410
Price Per SF
$156.19
Cap Rate
8.25%
NOI
$57,124
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.65 AC
Zoning
PUD
Parking
26 Spaces (6.5 Spaces per 1,000 SF Leased)
Frontage
245’ on E Algonquin Rd
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 19-34-279-009 | Improvements Assessment | $227,726 |
| Land Assessment | $72,521 | Total Assessment | $300,247 |
Property Taxes
Parcel Number
19-34-279-009
Land Assessment
$72,521
Improvements Assessment
$227,726
Total Assessment
$300,247
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