505 S Third St
Elkhart, IN 46516
West Central
HIGHLIGHTS
- Corporate Guaranty From Hopebridge Autism Therapy (100+ Locations): Hopebridge Focuses on Personalized Care, Not Just Diagnoses
- Private Equity Backed: Hopebridge Benefits From Strong Private Equity Backing After Its 2019 Acquisition By Arsenal Capital Partners
- Surging Demand For ABA Therapy Services: In 2022, the Global Market For Autism Spectrum Disorder Therapies Was Valued at $1.93 Billion
- Sticky Tenancy: ABA Therapy Providers Tend to Maintain Long-Term Tenancies Because Relocating is Challenging Due to Patient Retention Difficulties
- Strong Manufacturing Base: Elkhart, the “RV Capital of the World,” is Home to Major Manufacturers Like Thor, Forest River, and Keystone
- Parking Lot: The Deal Includes Two Adjacent Lots Totaling 0.60 Acres With Over 50 Parking Spaces; Hopebridge Centers Provide a Supportive Care
OVERVIEW
Sands Investment Group is Pleased to Exclusively Offer For Sale the 12,228 SF Hopebridge Located at 505 South 3rd Street in Elkhart, IN. This Deal Includes a 5+ Year Corporate-Guaranteed Lease by Hopebridge Autism Therapy Centers, One of the Largest ABA Therapy Operators in the Nation, With Minimal Landlord Responsibilities. It Is Also Accompanied By a Large Over Half Acre Parking Lot, Providing a Secure Passive Investment.
In Cooperation With Sands Investment Group Indiana, LLC - Lic. #RC52000211 BoR: Andrew Ackerman - Lic. IN #RB20001918
FOR SALE DETAILS
PRICE
$1,730,522 USD
PRICE/SF
$144 USD /SF
CAP RATE
7.27%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Hopebridge - Elkhart, IN
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
B
YEAR BUILT
1960
SPRINKLERS
-
PARKING SPACES
65
LAND DETAILS
LAND ACRES
1.07 AC
LAND SF
46,609 SF
ZONING
CBD
APN/PARCEL ID
20-06-05-456-013.000-012
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310-844-9370
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