Podolsky|Circle Sells Medical Office Building in Crystal Lake

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Podolsky|Circle CORFAC International Sells Medical Office Building in Crystal Lake, Ill.

Podolsky|Circle CORFAC International’s Middle Market Investment Advisory Team have successfully completed the investment sale of a single tenant net leased medical office building in the heart of suburban Crystal Lake, Illinois.

Kapadia and Sons Ltd. was the seller.  The property sold for approximately $3.2 million to a Chicago-based private investment group.

Centegra Milestone Therapy Center is an 11,909-square-foot office building located at 394 Federal Drive in Crystal Lake. The building, a single-tenant facility, was originally developed by the private owners of a physical therapy center who then sold their practice to Centegra Health System.

Alissa Adler, Managing Principal; John R. Homsher, CCIM, Principal; and Paul M. Tesdal, Vice President, represented Kapadia and Sons in the transaction.