An NAI Hiffman Capital Markets Group Investment Opportunity

VALUE-ADDINVESTMENT OPPORTUNITY

PROPERTY WEBSITE

2 EAST ROLLINS ROADROUND LAKE BEACH ILLINOIS 60073

24,795 SF, 2-STORY MULTI-TENANT MEDICAL OFFICE BUILDING

CAPITAL MARKETS

THE OPPORTUNITY

BUILDING AREA / CURRENT OCCUPANCY24,795 SF / 41% August 2019

PROPERTY TYPEMedical Office / Multi-Tenant

YEAR BUILT / RENOVATED1984 / Cap Ex 2012 thru 2016

DESIGN1 & 2 story rectangular buildings, perpendicularly attached, both with drive-up access

SITE SIZE5.08 Acres (221,285 SF)

PINS #06-16-100-029 / 06-17-200-052

SIGNAGEBuilding and monument

ZONINGC-3 General Business

PARKING112 Surface spaces (4.51 / 1,000 SF) parking on north, south and east building elevations

This is a non-strategic investment for Ventas Healthcare Realty, LLC, a leading real estate investment trust with approximately 1,200 seniors

housing, healthcare and research properties in the U.S., Canada and the United Kingdom. As their holdings have grown significantly, so has

the scale of their transactions and strategy, hence the non-strategic designation of the subject which was acquired as a part of a portfolio. This

particular portfolio was predominantly occupied by Advocate Condell. This location has not been a continued growth point for the network and

therefor falls out of strategy with a Ventas hold. With an occupancy rate of 41%, this value-add opportunity offers an investor the potential to

expand the tenant focus from medical to a combination of medical and traditional office drawing from a narrowed geographic area. Ventas has

reinvested in the building throughout their ownership period providing investors with a well-maintained building.

2 E ROLLINS

2 EAST ROLLINS ROADROUND LAKE BEACH ILLINOIS

INVESTMENT HIGHLIGHTS

Lake County LoCation Significant cost advantage over the city of Chicago and Cook County

Leasing FLexibiLity Opportunity to implement a more flexible leasing strategy outside that of MOBs within a R.E.I.T. structure

WeLL-Maintained Ongoing upgrades by current ownership

east RoLLins Road LoCation Primary commercial corridor of North Lake County, excellent visibility with 435’ of frontage and estimated 33K VPD

Convenient aRteRiaL aCCess S.R. 59 & 83 (north/south) and S.R. 120 & 132 (east/west)

stRong deMogRaphiCs - 3 MiLe Radius • Population: 74,131 • Households: 23,470• Ave HHI: $72,561• Daytime Employees: 14,686

neaRby MetRa station North Central Service, 1.4 miles to the northeast

exCess Land Option to increase current 4.5 / 1,000 parking ratio or additional development

E ROLLINS ROAD

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C O N TA C T I N F O R M AT I O N

ONE OAKBROOK TERRACE SUITE 400 OAKBROOK TERRACE IL 60181

HIFFMAN.COM

Jason WurtzExecutive Vice President

630 693 0692jwurtz@hiffman.com

Art Burrows, CRESenior Vice President

630 693 0675 aburrows@hiffman.com

VALUE-ADDINVESTMENT OPPORTUNITY

24,795 SF, 2-STORY MULTI-TENANT MEDICAL OFFICE BUILDING

2 EAST ROLLINS ROADROUND LAKE BEACH ILLINOIS 60073

©2019 NAI Hif fman. All r ights reserved. All information contained herein is from sources deemed reliable; however, no representation or warranty is made to the accuracy thereof.

PROPERTY WEBSITE