323 W Tournament Trl - Office FOR SALE


Westfield, IN 46074
$21,450,000 USD
918-269-6093
323 W Tournament Trl, Westfield, IN for Sale
$21,450,000 USD
Office - FOR SALE
1/4
null | 6.4% Cap Rate

323 W Tournament Trl
Westfield, IN 46074


HIGHLIGHTS

  • Investment-Grade Credits w/ Hospital Systems
  • Mission-Critical Locations
  • Long-Term Tenant Commitment
  • Dominant Healthcare Providers in Strong Markets
  • Long-Term, Passive Cash Flow from NNN Leases

OVERVIEW

RIVERVIEW HEALTH - Primary and Specialty Care | 323 W Tournament Trail - Westfield, IN 46074 ORTHOPAEDICS NORTHEAST - PARKVIEW HEALTH - Orthopedics and Specialty Care | 315 E 200 North - Warsaw, IN 46582 ESKENAZI HEALTH - Hospital-Licensed Outpatient Center (Primary Care, Mental Health, Substance Abuse) | 3419 English Ave - Indianapolis, IN 46201 Northmarq National Healthcare Group is pleased to exclusively offer the opportunity to acquire a three-property medical office portfolio totaling approximately 38,638 square feet across Indiana. Each property is fully leased to investment-grade and market-dominant healthcare providers, including Riverview Health, a community-based health system owned by Hamilton County (now under a management agreement with Parkview Health), Orthopaedics Northeast (in a joint venture partnership with Parkview Health), and the Health & Hospital Corporation of Marion County (commonly known as Eskenazi Health). Collectively, the portfolio features a weighted average lease term (WALT) of 13.5 years, all under NNN lease structures with attractive annual rental escalations and multiple renewal options. The portfolio offers investors durable, long-term income streams with minimal landlord responsibilities, secured by tenants that are essential healthcare providers in their respective markets.

FOR SALE DETAILS

PRICE

$21,450,000 USD

PRICE/SF

$1,566 USD /SF

CAP RATE

6.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Credit Tenant MOB Portfolio - Indiana

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Jeff MatulisNorthmarqMore Info
918-269-6093

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Jeff MatulisNorthmarqMore Info
918-269-6093

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.