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Dark Duly Medical 2310 Dean St 6,678 SF 100% Leased Office Building St Charles, IL 60175 $2,323,751 CAD ($347.97 CAD/SF) 11% Cap Rate
Investment Highlights
- Nearly Two Years Remaining on a Dark, Net Leased Medical Tenant
- Corporate Guarantee by DuPage Medical Group, LTD
- Average Household Income Ranges from $140,427 to $171,366 within a One to Five Mile Radius
- Redevelopment Opportunity or Owner-User Possibility
- Part of the Timber Ridge Professional Park Which has an Abundance of Medical Offices, Professional Offices, and Industrial Buildings
- Scheduled Three Percent Annual Rental Increases
Executive Summary
This dark net-leased medical property offers nearly two years of passive income, backed by a corporate guarantee from DuPage Medical Group, LTD and a three percent annual rent increase. With no out-of-pocket carry costs, investors can generate cash flow while planning for future redevelopment or owner-use. Located in affluent St. Charles, where household incomes top $171,000 and population growth is strong. The property sits in a professional business park surrounded by medical, office and industrial tenants. Its prime location near Randall Road provides high visibility and access to major retailers, restaurants, and healthcare destinations, including Costco, Geneva Commons, and Northwestern Medicine Delnor Hospital.
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Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
6,678 SF
Building Class
C
Year Built
1996
Price
$2,323,751 CAD
Price Per SF
$347.97 CAD
Cap Rate
11%
NOI
$255,625 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,339 SF
Zoning
O-R1, St Charles
Parking
32 Spaces (4.79 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Balcony
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 09-29-228-004 | Improvements Assessment | $160,588 CAD |
| Land Assessment | $239,065 CAD | Total Assessment | $399,653 CAD |
Property Taxes
Parcel Number
09-29-228-004
Land Assessment
$239,065 CAD
Improvements Assessment
$160,588 CAD
Total Assessment
$399,653 CAD
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Dark Duly Medical | 2310 Dean St
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