505 S Third St - Medical FOR SALE
Elkhart, IN 46516 |
505 S Third St
Elkhart, IN 46516
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
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Hopebridge - Elkhart, IN
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
12228
STORIES
1
BUILDING CLASS
B
YEAR BUILT
1960
SPRINKLERS
-
PARKING SPACES
65
LAND DETAILS
LAND ACRES
1.07 AC AC
LAND SF
46,609 SF
ZONING
-
APN/PARCEL ID
20-06-05-456-013.000-012
