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ATLAS SURGICAL GROUP 741 Insight Ave

8,540 SF Office Building O'Fallon, IL 62269 $9,594,669 CAD ($1,123 CAD/SF) 6.75% Cap Rate

Investment Highlights

  • Brand new 10-year leased to be executed at closing
  • Certificate of Need (CON) Attached to the Property
  • Annual rental increases
  • NNN lease structure offers a passive investment opportunity to both local and national investors
  • Located in a strong medical corridor

Executive Summary

Broker of Record
Matthew M. Fitzgerald
License No. 478027547 (IL)

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
8,540 SF
Building Class
C
Year Built
2020
Price
$9,594,669 CAD
Price Per SF
$1,123 CAD
Cap Rate
6.75%
NOI
$647,640 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
8,540 SF
Building FAR
0.98
Lot Size
0.20 AC
Zoning
PB - Planned Business
Parking
38 Spaces (4.45 Spaces per 1,000 SF Leased)

Amenities

  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
04-30-0-303-102
Land Assessment
$15,127 CAD
Improvements Assessment
$483,911 CAD
Total Assessment
$499,039 CAD
  • Listing ID: 34083616

  • Date on Market: 2024-12-04

  • Last Updated:

  • Address: 741 Insight Ave, O'Fallon, IL 62269

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