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Ravenswood MOB Trades for $14M
Cushman & Wakefield’s Healthcare Capital Markets team represented owner 1945 W. Wilson LLC in the $13,850,000 sale of a multi-tenant, 68,070-square-foot six-story medical office building at 1945 W. Wilson Ave. in the North Side’s Ravenswood neighborhood.
Known as 1945 W. Wilson, the property is located on the grounds of the former Ravenswood Hospital, and sits adjacent to The French International School, Lycée Français de Chicago and Evergreen Real Estate Group’s new 193-unit senior housing project. Constructed in 1972 and renovated in 2015, the building was 98% occupied at sale.
The seller was represented by Gino Lollio and Scott Niedergang, along with colleagues Cody Hundertmark and Tom Sitz. The team also procured the buyer, a New England-based investor.
“The property’s strong attributes, including high historical occupancy, revenue-generating parking lots and tenant synergies, paired with the positive market characteristics of Ravenswood, produced a highly competitive bidding environment for this offering,” said Lollio.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
