HSHS & Northwestern Medicine

CLOSED
HSHS & Northwestern Medicine

100% Occupied | 2 NNN Leases, 1 Gross Lease - All with 2% Annual Increases

Hospital Sisters Health System (HSHS) - Revenue of $2.5 Billion in 2020
Northwestern Medicine - Revenue of $6.28 Billion in 2020
Vero Clinic - Integrative Medicine Specialist
Ample Parking, Concrete Surface, Minimal Maintenance
Pitched Shingle Roof, Longer Life Expectancy
No Deferred Maintenance

1192 East Pershing Road, Decatur, IL 62526

* Sale Price $1,493,000

* Sold at 97% of List

* 61 Days on Market

* Closed in 58 Days

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Market Summary

Price                                    $1,540,925

Cap Rate                             7.75%

NOI                                      $119,440

Rentable SF                        6,110 SF

Price per SF                        $252.20

Year Built                             2000

Lot Size                               0.92 Acres

Description

Marcus & Millichap is pleased to present the HSHS and Northwestern Medicine building in Decatur, Illinois. The property is 100 percent occupied by three medical tenants two with triple net leases and one gross lease.

The Hospital Sisters Health System or HSHS is a non-profit healthcare system headquartered in Springfield, Illinois. HSHS operates a network of 15 hospitals and other healthcare facilities throughout the midwestern states of Illinois and Wisconsin. Their total revenue for 2020 was $2.5 billion.

Northwestern Medicine, formerly Northwestern Memorial Healthcare, is a non-profit healthcare system affiliated with the Northwestern University Feinberg School of Medicine, in Chicago, Illinois. Members include research hospitals, acute care facilities, and academic centers. Northwestern's total revenue for 2020 was over $6.28 billion.