Linda Kost represented the Sellers and converted a seven unit medical condo building into a triple net leased investment property…..
Talaga Medical Center is a 23,223 SF, 100% leased, single story, multi-tenant medical building located in Algonquin, IL, a northwest suburb of Chicago. This Center is well positioned on Algonquin Rd at a traffic light. It’s just east of the Randall Road retail corridor and west of Northwestern Medical Huntley Hospital. The larger trade area includes Advocate Sherman Hospital of Elgin and the future Mercy Hospital of Crystal Lake.
Built in 2004, the building is currently 100% occcupied by all seven original tenants. They have proven successful practices and they will execute new five year, triple net leases. Tenant specialties include Ear, Nose & Throat, Internal Medicine, Cardiology, OBGYN, Physical Therapy & Orthopedics, Pediatrics, and Pulminary & Sleep.
Landlord will be responsible for roof, parking lot and bi-annual HVAC maintenance. Tenants are responsibile for real estate taxes, common area maintenance and HVAC repairs and replacement.
Please fill out and return the confidentiality agreement on attached brochure for more detailed information.
