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Property Overview:
- Building Size: +/- 10,947 SF
- Year Built: 1997
- Underwent $1.2 Million Renovation in 2006
- Landlord Provided a $600,000 TI Allowance and the Tenant Spent an Additional $725,000 Over That Amount on Renovations and Improvements
- Located in Cook County, IL
- Parcel IDs: 19-25-300-001-0000 and 19-25-300-002-000
- Tenant: Fresenius Medical Care Dialysis Center
- Standard & Poors Rating:
- Secured Bond Rating: BB+
- Subordinate Debt Rating: B+
- Issue of Credit Rating: BB
- Investment Information:
- Lease Type: NNN (Landlord is Responsible for Capital Expenditures)
- Rent Increases: 3% Annually
- Lease Term: 10 Year and 5 Month Term (Commenced 06/01/2006) with 3 Five Year Options to Renew
- NOI as of 06/01/07: $214,233
- Cap Rate: 7.00%
- Sale Price: $3,060,000
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