800 W Burrell Dr - Health Care FOR SALE
Crown Point, IN 46307 |
$1,941,428 USD
310-844-9370
800 W Burrell Dr
Crown Point, IN 46307
HIGHLIGHTS
- In March 2025, Crown Point OBGYN merged with Franciscan, reinforcing the strength and stability of the practice and its physicians
- Franciscan Alliance operates one of the largest and most respected healthcare systems in the Midwest
- Crown Point’s population has grown from 33,998 in 2020 to 35,474 in 2025 — a 4.3% increase over five years
- The lease is a Modified Gross Lease with 3% annual rent escalations. Tenant reimburses property taxes, insurance, and maintenance costs
- Crown Point’s median household income stands at $114,038 — 1.4x higher than Indiana’s statewide median
- The practice has a 30+ year history and operates from a custom-built facility. It offers a wide range of in-office procedures
OVERVIEW
Sands Investment Group is pleased to exclusively offer for sale the Franciscan OBGYN, located at 800 West Burrell Drive in Crown Point, IN. The property is secured by a Modified Gross Lease, under which the tenant is responsible for reimbursing all property taxes, insurance, and maintenance expenses. This structure provides investors with a truly passive, lowmanagement opportunity, delivering stable cash flow and a long-term investment.
In Cooperation With Sands Investment Group Indiana, LLC - Lic. #RC52000211 BoR: Andrew Ackerman - Lic. IN #RB20001918
FOR SALE DETAILS
PRICE
$1,941,428 USD
PRICE/SF
$239 USD /SF
CAP RATE
8.75%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Franciscan OBGYN - Crown Point, IN
PROPERTY TYPE
Health Care
ADD'L SUBTYPES
Hospital, Rehabilitation Center, Skilled Nursing Facility
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
-
YEAR BUILT
2006
SPRINKLERS
-
PARKING SPACES
49
LAND DETAILS
LAND ACRES
1.88 AC
LAND SF
81,893 SF
ZONING
OS-1
APN/PARCEL ID
45-16-19-227-001.000-042
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310-844-9370
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310-844-9370
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