Leased Office Condo at St. Alexius Medical Center
No Longer Available For Sale
1585 Barrington, #302-303
Hoffman Estates, IL 60169
5,206 SF
Office Condo
The Details
- 5,206 SF medical office condo
- Part of 77,900 SF office building
- Leased to St. Alexius Medical Center through February 2018
- Rent: $29/SF modified gross
- Gross Annual Rent: $150,974
- Remaining rent increases:
- $30/SF as of 3/1/15
- $31/SF as of 3/1/17
- Opportunity for user or investor
- Net Operating Income: $56,900
- Taxes (2012): $54,078
- Assessments: $3,333 per month
Unit 302-303 is a 5,206 square foot medical office condo in Doctor’s Building Two of the St. Alexius Medical Center Campus. The condo is leased to the St. Alexius Medical Center through February 2018. The unit is built out with a reception area, seven doctor’s offices, nine exam rooms, two labs, three washrooms, a file room, a nurse’s station and an employee kitchen. This is a great opportunity for a user or an investor.
St. Alexius Medical Center is a well-located hospital campus in Hoffman Estates. The campus is located a short distance from Higgins Rd. and I-90. Recently, the campus expanded, adding a new children’s hospital to better serve the nearly two million residents in the northwest suburbs.