Southern Illinois Medical Office Building Portfolio

Category: Medical Office Buildings

Southern Illinois Medical Office Building Portfolio is a portfolio of three medical office buildings located adjacent to a 181- resident rehabilitation and nursing home and a 56-unit independent and assisted living facility in the St. Louis suburb of Waterloo, Illinois. Totaling approximately 41,000 square feet, the portfolio was 100 percent leased at the time of acquisition to 13 tenants, the largest of which are Fresenius Dialysis Center and Monroe County Surgical Center. The weighted average remaining lease term for Southern Illinois Medical Office Building Portfolio is approximately 7.4 years.

Southern Illinois Medical Office Building Portfolio was acquired from Southern Illinois Medical Development Corporation and Medical Development Company of America, unaffiliated third parties represented by Chris Stai of Brown Gibbons Lang.