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2350 Royal Blvd
Elgin, IL 60123
Royal Boulevard Medical Center · Office Property For Sale
Investment Highlights
- Multi-tenant Medical Office Condo Investment (7 of 8 Condos - 84.1% GLA)
- 5.9 Year Weighted Average Lease Term Remaining
- Surrounded by Medical Office Buildings - Adjacent to Duly Health and Advocate Immediate Care
- 7.29% CAP Rate. 10.17% Cash on Cash (underwriting includes vacancy factor)
- Conveniently Located Between Advocate Sherman Hospital & AMITA Health St. Joseph Hospital
Property Facts
Property Type
Office
Property Subtype
Medical
Building Size
25,004 SF
Building Class
B
Year Built
2000
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
25,004 SF
Building FAR
0.19
Lot Size
2.97 AC
Zoning
AB - Area Business
Parking
177 Spaces (7.08 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Security System
- Signage
- Skylights
- Wheelchair Accessible
- Accent Lighting
- Central Heating
- DDA Compliant
- Yard
- Monument Signage
- Outdoor Seating
- Air Conditioning
- Fiber Optic Internet
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,159,557 | |
| Land Assessment | $538,966 | Total Assessment | $1,698,523 |
Property Taxes
Parcel Numbers
Land Assessment
$538,966
Improvements Assessment
$1,159,557
Total Assessment
$1,698,523
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