STREAM Brokers $1.55M Medical Office Portfolio Sale Leaseback
CHICAGO, IL – January 7, 2018 – STREAM Capital Partners, LLC, a national net lease and sale leaseback advisory group, has arranged the sale leaseback of a two-property portfolio – a freestanding medical office building in Chesterton, Indiana and a medical office condo in Downtown Oak Park, Illinois.
The buyer, a developer out of Iowa City, purchased it for $1,550,000. Jeff Lizzo of STREAM Capital Partners represented the seller, United Dental Partners, on the transaction.
“This was a successful portfolio sale leaseback transaction of two medical office properties in the Midwest. The first location is situated in the downtown area of Chicago’s sprawling suburb of Oak Park and the second location was in Chesterton, IN, less than an hour from Downtown Chicago. Both locations have been used as dental practices for decades and the sale of these properties will assist the seller in expanding into new markets,” said Lizzo.
Lizzo continued, “The buyer was pleased with this transaction as he was able to acquire two stable, long-term, net-leased assets with a strong-credit tenant.”
Please contact broker, Jeff Lizzo, for further details on this transaction.