Tammy Saia Contact Info:
Phone: (630) 570-2226
Email: tsaia@marcusmillichap.com
Tami Andrew Contact Info:
Phone: (630) 570-2179
Email: tandrew@marcusmillichap.com
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
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.