4500 E 181st Ave - Medical FOR SALE


Lowell, IN 46356
$6,170,000 USD
4500 E 181st Ave, Lowell, IN for Sale
$6,170,000 USD
Medical - FOR SALE
1/6
null | 6.65% Cap Rate

4500 E 181st Ave
Lowell, IN 46356


HIGHLIGHTS

  • Long-Term Opportunity
  • Investment Grade Tenancy
  • Minimal Landlord Responsibilities
  • Recession Resistant
  • Access & Visibility
  • Dense, Affluent Customer Base

OVERVIEW

CBRE’s Net Lease Property Group – Midwest is pleased to present to qualified individuals, the opportunity to acquire 100% fee interest in a freestanding Franciscan Physician in Lowell, Indiana. Franciscan Physician currently has over 9.5 years remaining on their lease and they’ve been operating since 2014. The corporate lease features three, 10-year renewal options and 2% annual rental increases throughout the base term. Franciscan Physician is located with unmatched visibility from E Commercial Ave (IN-2), an east-west route running from the Illinois border to the outskirts of South Bend, Indiana, which boasts strong traffic counts of nearly 11,300 VPD. The Property’s location is ideally situated a few minutes from Interstate 65, the main north and south highway serving the state of Indiana with traffic counts of over 100,000 vehicles per day.

FOR SALE DETAILS

PRICE

$6,170,000 USD

PRICE/SF

$507 USD /SF

CAP RATE

6.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Franciscan Health

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

82

LAND DETAILS

LAND ACRES

2.17 AC

LAND SF

94,525 SF

ZONING

PB

APN/PARCEL ID

45-20-19-376-011.000-008

ASK ABOUT THIS PROPERTY

Michael KaiderCBRE, Inc.More Info

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Michael KaiderCBRE, Inc.More Info

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