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19260 S Halsted St
Homewood, IL 60430
AbilityLab Homewood: NNN Lease with A+ Credit · Office Property For Sale


Executive Summary
TO SIGN THE NDA AND GET IMMEDIATE ACCESS TO THE OFFERING MEMORANDUM, PLEASE VISIT:
www.ShirleyRyanAbilityLabPortfolio.com (or click: https://www.cbredealflow.com/handler/modern.aspx?pv=-Y2MO4ZJqP-tUJny3tMROHBEHPiUB22tUCSIbTI6zac#_top)
Overview:
CBRE’s U.S. Healthcare Capital Markets Group is pleased to present the exclusive opportunity to acquire
Shirley Ryan AbilityLab Homewood (the “Property”), a high-volume, build-to-suit DayRehabCenter®
located at 19260 S. Halsted Street in Homewood, Illinois. Completed in 2019, the Homewood facility was
strategically developed to double SRALab’s existing local footprint, providing a critical increase in patient
capacity to meet exploding regional demand. The Property is 100% net leased to the Rehabilitation Institute
of Chicago, d/b/a Shirley Ryan AbilityLab (“SRALab” or the “Tenant”) (Fitch: ‘A+‘), which has been ranked
the #1 rehabilitation hospital in the United States for 35 consecutive years by U.S. News & World Report—
the only hospital of any kind to hold this distinction.
The 20,188 rentable square foot facility features a 5.3-year weighted average lease term remaining (WALT)
with fixed 2.5% annual rent escalations. Strategically selected for its superior access to I-294 and I-80,
the facility draws patients from a massive geographic population stretching from the south and southwest
Chicago suburbs to northwest Indiana. As a result, the Homewood facility consistently ranks among
the top DayRehabCenters® in terms of patient volume. The Property includes specialized therapeutic
infrastructure, such as a unique 370’ outdoor walking path made of crushed granite designed for surfacespecific
rehabilitation, and three state-of-the-art gyms for pediatric, physical, and occupational therapy.
SRALab’s significant long-term commitment to this location is further underscored by its $5.0 million direct
capital investment into the facility’s specialized interior hard costs and structural systems.
Investment Highlights:
World-Renowned, High Investment-Grade Tenancy
Class ‘A’, State-of-the-Art Rehabilitation Centers
Critical-Care Assets
Significant Tenant Investment
100% Net-Leased with 2.5% Annual Escalations
TO SIGN THE NDA AND GET IMMEDIATE ACCESS TO THE OFFERING MEMORANDUM, PLEASE VISIT:
www.ShirleyRyanAbilityLabPortfolio.com (or click: https://www.cbredealflow.com/handler/modern.aspx?pv=-Y2MO4ZJqP-tUJny3tMROHBEHPiUB22tUCSIbTI6zac#_top)
www.ShirleyRyanAbilityLabPortfolio.com (or click: https://www.cbredealflow.com/handler/modern.aspx?pv=-Y2MO4ZJqP-tUJny3tMROHBEHPiUB22tUCSIbTI6zac#_top)
Overview:
CBRE’s U.S. Healthcare Capital Markets Group is pleased to present the exclusive opportunity to acquire
Shirley Ryan AbilityLab Homewood (the “Property”), a high-volume, build-to-suit DayRehabCenter®
located at 19260 S. Halsted Street in Homewood, Illinois. Completed in 2019, the Homewood facility was
strategically developed to double SRALab’s existing local footprint, providing a critical increase in patient
capacity to meet exploding regional demand. The Property is 100% net leased to the Rehabilitation Institute
of Chicago, d/b/a Shirley Ryan AbilityLab (“SRALab” or the “Tenant”) (Fitch: ‘A+‘), which has been ranked
the #1 rehabilitation hospital in the United States for 35 consecutive years by U.S. News & World Report—
the only hospital of any kind to hold this distinction.
The 20,188 rentable square foot facility features a 5.3-year weighted average lease term remaining (WALT)
with fixed 2.5% annual rent escalations. Strategically selected for its superior access to I-294 and I-80,
the facility draws patients from a massive geographic population stretching from the south and southwest
Chicago suburbs to northwest Indiana. As a result, the Homewood facility consistently ranks among
the top DayRehabCenters® in terms of patient volume. The Property includes specialized therapeutic
infrastructure, such as a unique 370’ outdoor walking path made of crushed granite designed for surfacespecific
rehabilitation, and three state-of-the-art gyms for pediatric, physical, and occupational therapy.
SRALab’s significant long-term commitment to this location is further underscored by its $5.0 million direct
capital investment into the facility’s specialized interior hard costs and structural systems.
Investment Highlights:
World-Renowned, High Investment-Grade Tenancy
Class ‘A’, State-of-the-Art Rehabilitation Centers
Critical-Care Assets
Significant Tenant Investment
100% Net-Leased with 2.5% Annual Escalations
TO SIGN THE NDA AND GET IMMEDIATE ACCESS TO THE OFFERING MEMORANDUM, PLEASE VISIT:
www.ShirleyRyanAbilityLabPortfolio.com (or click: https://www.cbredealflow.com/handler/modern.aspx?pv=-Y2MO4ZJqP-tUJny3tMROHBEHPiUB22tUCSIbTI6zac#_top)
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
20,188 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2019
Price
$13,391,081 CAD
Price Per SF
$663.32 CAD
Cap Rate
6.50%
NOI
$870,427 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
20,188 SF
Building FAR
0.17
Lot Size
2.67 AC
Zoning
C
Parking
101 Spaces (5 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 32-08-201-024-0000 | Improvements Assessment | $512,997 CAD |
| Land Assessment | $211,203 CAD | Total Assessment | $724,200 CAD |
Property Taxes
Parcel Number
32-08-201-024-0000
Land Assessment
$211,203 CAD
Improvements Assessment
$512,997 CAD
Total Assessment
$724,200 CAD
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