EVANSTON / MEDICAL OFFICE / COMPLETED SALE / 2018
ACCESS Medical: healthcare investment sale
A renovated healthcare property brought together specialized tenant requirements, investment income, and financing dependencies.
- Transaction
- $5.3M reported · completed 2018
- Property
- Approx. 12,050 SF · Evanston
- John’s role
- Seller representation & transaction coordination
The challenge
Present the investment merits of a single-tenant medical office building while accounting for its lease structure, specialized buildout, and financing assumptions. The approximately 12,050-square-foot property was occupied by ACCESS Community Health Network.
John’s role
Seller representation and transaction coordination, bringing lease economics, tenant considerations, lenders, and professional advisors into the diligence and closing process.
The result
The sale closed in 2018. REBusinessOnline reported the transaction at approximately $5.3 million and identified John as the broker. Historical lease and financing terms are described here as transaction considerations, rather than current investment offerings.
What this experience brings to your decision
Healthcare real estate calls for attention to the tenant’s operation as well as the investor’s income model. Paladin helps owners and buyers evaluate these connected requirements.
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