2550 Compass Rd
Glenview, IL 60026
Office Property For Sale

Marcus & Millichap is pleased to present the fee simple ownership of 2550 Compass Rd, Units I and J in Glenview, Illinois. This three-building condo development was built new to spec in 2006. Units I and J consist of a combined 3,150-square-feet and represent one-sixth of the condominium buildings. These units are medical office condos leased to Together Women’s Health, LLC. They operate one of their two North Shore Associates locations at this property on a Gross Lease. The lease has 10 years of term remaining and 2 percent rent escalations for the first 5 years of term. There are 2, 5-year renewal options with 2 percent annual rent escalations. The Gross lease structure leaves the landlord responsible for Taxes, Insurance, Exterior Walls, Roof & Structure, Parking Lot, and Landscaping. Together Women’s Health was founded in 2020 as a platform to elevate private obstetrics and gynecology practices to their full potential. They are a leading network of integrated women’s healthcare providers, and their business solutions combine good medicine and a strong infrastructure to continuously improve care across Ob-Gyn and other women’s health centered practices. Through their partnerships with physician groups, they manage support services that foster growth for private practices and nourish their ability to provide the best total care to their patients. They are partners with 13 practices, including North Shore Associates Gyne/OB. North Shore Associates was established over 50 years ago as a solo practice and has evolved into a group of ten OBGYNs and midwives who provide comprehensive women’s health care to the Greater Chicago and suburban area with locations in Wilmette and Glenview.