{"id":1004164297,"date":"2017-01-17T03:54:10","date_gmt":"2017-01-17T11:54:10","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004164297"},"modified":"2022-12-08T09:08:37","modified_gmt":"2022-12-08T17:08:37","slug":"baum-realty-group-closes-sale-of-chicago-medical-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/baum-realty-group-closes-sale-of-chicago-medical-asset\/","title":{"rendered":"Baum Realty Group Closes Sale of Chicago Medical Asset"},"content":{"rendered":"<p>By Adina Marcut<\/p>\n<div id=\"attachment_1004164298\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/101-S-Washington-Ave.-Park-Ridge-Ill..jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004164298\" data-attachment-id=\"1004164298\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/baum-realty-group-closes-sale-of-chicago-medical-asset\/101-s-washington-ave-park-ridge-ill\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/101-S-Washington-Ave.-Park-Ridge-Ill..jpg\" data-orig-size=\"800,523\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"101 S Washington Ave., Park Ridge, Ill.\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/101-S-Washington-Ave.-Park-Ridge-Ill..jpg?w=800\" class=\"wp-image-1004164298 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/101-S-Washington-Ave.-Park-Ridge-Ill..jpg\" alt=\"101 S Washington Ave., Park Ridge, Ill.\" width=\"300\" height=\"196\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/101-S-Washington-Ave.-Park-Ridge-Ill..jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/101-S-Washington-Ave.-Park-Ridge-Ill..jpg?resize=300,196 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/01\/101-S-Washington-Ave.-Park-Ridge-Ill..jpg?resize=768,502 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004164298\" class=\"wp-caption-text\">101 S. Washington Ave., Park Ridge, Ill.<\/p><\/div>\n<p><strong>Chicago<\/strong>\u2014Baum Realty Group LLC recently announced that its investment sales team has completed the sale of a $4.1 million medical building located at 101 S. Washington Ave. in Park Ridge, Ill.\u00a0Danny Spitz and Greg Dietz, both managing directors with Baum, represented the seller, a national developer. The buyer was a Chicago-based investment group.<\/p>\n<p>\u201cThe variety of complementary medical practices creates a community among tenants making the asset attractive to investors focusing on the burgeoning medical office real estate market. All medical practices have occupied the property for 20+ years which provides a reliable cash flow,\u201d Spitz said in a statement.<\/p>\n<p>The 13,925-square-foot property was fully leased at the time of the sale to a variety of medical tenants, including a pediatrician, orthodontist and dentists.<\/p>\n<p>The company also <a href=\"https:\/\/www.commercialsearch.com\/news\/baum-realty-closes-sale-of-chicago-mixed-use-building\/\" target=\"_blank\" rel=\"noopener\">recently closed the $2.9 million sale<\/a> of a mixed-use building in the Andersonville neighborhood.<\/p>\n<p><em>Image courtesy of Baum Realty Group<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The roughly 14,000-square-foot property traded for a little over $4 million. <\/p>\n","protected":false},"author":436,"featured_media":1004164298,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1491,21743,21754,13,21742],"tags":[33119],"class_list":["post-1004164297","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-chicago","category-deals","category-medical-office","category-midwest","category-latest","tag-baum-realty-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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