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Century Plaza | Medical and Service Tenancy

Century Plaza | Medical and Service Tenancy

355-385 W. Northwest Highway
Palatine, Illinois


price: $6,645,000

gla: 37,223 SF

cap: 8.00%

lot: 3.33 Acres

built: 1985

noi: $531,484

 

  • Long-Term Medical Tenants Occupy 55 Percent of Gross Leasable Area
  • Balance of Center Leased to Service and Food Tenancy
  • Multiple Tenant Expansions | Anchor Tenant WomenCare Recently Completed Major Remodel of the Space
  • All Tenants Operate Under Net Leases
  • Modest Average Base Rent of $15.54 per Square Foot Offers Investor Stability
  • Well-Kept All Brick Construction Center | Recent Capital Improvements Include Re-Roof, Multiple New HVAC Units, Sidewalks and LED Lighting
  • Strong Traffic Counts of 28,800 Vehicles per Day Along Northwest Highway | Main Retail Thoroughfare
  • High Demographic Area | Average Household Income Exceeding $115,000 and Population of 93,982 Within Three-Mile Radius
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Adrian Mendoza
First Vice President Investments

Tel: (630) 570-2163
Adrian.Mendoza@marcusmillichap.com

* Broker of Record: Steven Weinstock