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Posted: Saturday, October 14, 2017 9:55 AM

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Contact info:
Howard Abell | (919) 370-2838 | howard@atproperties.com | Apartments1.com at @properties

Sale/Leaseback of Medical Office Building with Tenants!

1474 Merchant Dr, Algonquin, Illinois 60102

$1,900,000

DESCRIPTION:
Apartments1.com | 1474 Merchant Dr | Every Listed Chicago Apartment

Amazing 8% Cap Rate Investment! 13% Leveraged Cash-on-Cash Return! Medical Office Building with Doctor/Tenant Already in Place! This is a Sale/Leaseback. NNN Master Lease 5 Year Term plus 3 Option Periods 2% Rent Escalation per year Combined Rental Rate of $20 per sq. ft. The Doctor will provide a personal guarantee

Contact Listing Agent Howard Abell (919) 370-2838 howard@atproperties.com for complete information and showings

PROPERTY FEATURES:
  • Type of Ownership: Limited Liability Corp
  • Building Exterior: Brick
  • Foundation: Concrete
  • Central Air
  • Potential Use: Commerical, Office & Research
  • Hardwood Floors
  • Tile Floors
  • Carpet Floors
  • 2 Stories
  • 2 Units

SEARCH OUR COMPLETE, UPDATED MLS DATABASE: NOTtheChicagoMLS - but Better

Contact info:
Howard Abell | (919) 370-2838 | howard@atproperties.com | Apartments1.com at @properties

1474 Merchant Dr, 60102    google map | yahoo map

• Location: Algonquin, Chicago

• Post ID: 46471847 chicago
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