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AbilityLab Burr Ridge: NNN Lease & A+ Credit 7600 County Line Rd 24,943 SF 100% Leased 4-Star Office Building Burr Ridge, IL 60527 $20,388,888 CAD ($817.42 CAD/SF) 6.50% Cap Rate
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 Burr Ridge (the “Property”), a state-of-the-art, build-to-suit DayRehabCenter®
located at 7600 County Line Road in the affluent Chicago suburb of Burr Ridge. Completed in 2018, the
Property serves as the flagship DayRehabCenter® for the world-renowned Shirley Ryan AbilityLab (“SRALab”
or the “Tenant”), which has been ranked the #1 rehabilitation hospital in the U.S. for 35 consecutive years.
The facility is uniquely positioned as the only SRALab location, other than the main hospital in downtown
Chicago, to combine both DayRehab and Outpatient care programs under one roof.
The 24,943 rentable square foot facility is 100% net leased to SRALab (Fitch: ‘A+’) with a 6.8-year weighted
average lease term remaining (WALT) and fixed 2.5% annual rent escalations. The building’s award-winning
design features biophilic elements, including diagonally-folded butterfly roofs and clerestory windows that
permit daylight to enter deep into therapeutic spaces, creating an environment built intentionally to inspire
hopefulness and uplift spirits. The Property is situated on a high-profile site adjacent to the I-55 and I-294
junction, one of the most accessible sites in the Chicago MSA with 360,000 vehicles passing daily. SRALab
has demonstrated its long-term commitment to this specific location through a direct tenant investment
of approximately $7.1 million for interior hard costs, specialized medical equipment, and structural
engineering, including the installation of a ceiling Unistrut track/harness system.
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 Burr Ridge (the “Property”), a state-of-the-art, build-to-suit DayRehabCenter®
located at 7600 County Line Road in the affluent Chicago suburb of Burr Ridge. Completed in 2018, the
Property serves as the flagship DayRehabCenter® for the world-renowned Shirley Ryan AbilityLab (“SRALab”
or the “Tenant”), which has been ranked the #1 rehabilitation hospital in the U.S. for 35 consecutive years.
The facility is uniquely positioned as the only SRALab location, other than the main hospital in downtown
Chicago, to combine both DayRehab and Outpatient care programs under one roof.
The 24,943 rentable square foot facility is 100% net leased to SRALab (Fitch: ‘A+’) with a 6.8-year weighted
average lease term remaining (WALT) and fixed 2.5% annual rent escalations. The building’s award-winning
design features biophilic elements, including diagonally-folded butterfly roofs and clerestory windows that
permit daylight to enter deep into therapeutic spaces, creating an environment built intentionally to inspire
hopefulness and uplift spirits. The Property is situated on a high-profile site adjacent to the I-55 and I-294
junction, one of the most accessible sites in the Chicago MSA with 360,000 vehicles passing daily. SRALab
has demonstrated its long-term commitment to this specific location through a direct tenant investment
of approximately $7.1 million for interior hard costs, specialized medical equipment, and structural
engineering, including the installation of a ceiling Unistrut track/harness system.
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
24,943 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2018
Price
$20,388,888 CAD
Price Per SF
$817.42 CAD
Cap Rate
6.50%
NOI
$1,325,304 CAD
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
24,943 SF
Building FAR
0.21
Lot Size
2.75 AC
Zoning
C
Parking
123 Spaces (4.93 Spaces per 1,000 SF Leased)
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,480,316 CAD | |
| Land Assessment | $449,382 CAD | Total Assessment | $2,929,698 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$449,382 CAD
Improvements Assessment
$2,480,316 CAD
Total Assessment
$2,929,698 CAD
Contacts
-
Chris Bodnar -
Corra Rose John -
Brannan Knott -
Cole Reethof -
Jaime Vantsa -
Michael Kaider -
CBRE, Inc.
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AbilityLab Burr Ridge: NNN Lease & A+ Credit | 7600 County Line Rd
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