Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
Cap Rate N/A

Key facts

Year Built 1994
Building Area Net
Occupancy 99.0 %

Property description

Jones Lang LaSalle (Illinois), L.P. (“JLL”), has been exclusively retained to arrange the sale of the Hastings Healthcare Center (the “Property” or the “Offering”), a 153,000 RSF medical office building located in the Illinois Medical District, a world-class innovation district that provides access to top medical professionals. The Property represents a rare opportunity to acquire a recently renovated Class A office asset in an ecosystem known for a large concentration of healthcare institutions, biotech hubs, and technology incubators. 99% occupied with seven years of weighed average lease term (“WALT”), Hastings Healthcare Center provides investors durable cash flow and material embedded upside. Such upside opportunities include the adjacent parking lot that provides developmental potential and the desired Opportunity Zone designation. All inquiries regarding this transaction should be directed to JLL.

Investment highlights

  • ​​​​​​​Critically Located In The Illinois Medical District
  • Ideal Combination of Cash Flow Security with Material Embedded Upside
  • Adjacent Parking Lot Provides Development Potential
  • Highly Desired Office Space Among Illinois Medical District
  • Discount To Replacement Cost

Last Updated Date: 02 Nov 2022

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Last Updated Date: 02 Nov 2022

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