Commercial Tag: Sold

Property details

Sullivan, Missouri

Walgreens Center

Investment type

Net Lease

Asset Class

Retail

Ownership Structure

Tenancy-In-Common (TIC)

Year Acquired

2013

Investment Summary

An approximately 20,682 square foot, single story, retail building, primarily leased to Walgreens. The property was originally operated by Strauser Drugs, a local pharmacy that was acquired by Walgreens in 2012.

Syndicated structured its acquisition as a Tenancy-in-Common (TIC) to accommodate investors completing a Section 1031 Exchange.

Property details

Bannockburn, ILlinois

NorthShore Health

Investment type

Net Lease

Asset Class

Medical

Ownership Structure

Tenancy-In-Common (TIC)

Year Acquired

2012

Investment Summary

The property consists of a 40,800 square foot medical office building leased to NorthShore University HealthSystem in Bannockburn, Illinois.

The property was originally developed in the 1970s as a commercial office building but underwent an extensive renovation in 2002-2003, which converted its use to medical.

Syndicated structured its acquisition as a Tenancy-in-Common (TIC) to accommodate investors completing a Section 1031 Exchange.

Property details

Northbrook, ILlinois

Caremark

Investment type

Net Lease

Asset Class

Office

Ownership Structure

Joint Venture

Year Acquired

2012

Investment Summary

Syndicated invested alongside White Oak Realty Partners in the acquisition of CVS Caremark Tower, a 172,500 square foot, Class A office building located in Northbrook, Illinois, approximately 20 minutes north of downtown Chicago.

Property details

Fort Smith, ARkansas

SSA Fort Smith

Investment type

Net Lease

Asset Class

Office

Ownership Structure

LLC

Year Acquired

2011

Investment Summary

SSA Fort Smith is a one-story, 15,079 square foot building that was constructed in 2010 as a built-to-suit for the GSA and occupied by the Social Security Administration.

Property details

Aurora, ILlinois

SSA Aurora

Investment type

Net Lease

Asset Class

Office

Ownership Structure

Tenancy-In-Common (TIC)

Year Acquired

2011

Investment Summary

SSA Aurora is a one-story, 15,079 square foot building that was constructed in 2010 as a built-to-suit for the GSA and occupied by the Social Security Administration.