Medical Office For Sale_copy_lease

1265 S. Lake Park Avenue, Hobart, Indiana 46342

  • Property Subtypes Medical , Business Park , Office Building
  • Building Size (RSF) 6,052 SF
  • Gross Building Area 6,052 SF
  • Building Name Physical Therapy
  • Building Status Existing
  • Available Space 6,052 Sf
  • Min/Max Available Space 6052 Sf
  • Class of Space Class B
  • Total Land Size 34,100 SF
  • Cap Rate Undisclosed
  • Auction Avg Occupancy Rate 50
  • Last Updated 6/26/2019
  • Status expired

Overview / Comments

Free Standing Medical Building for Sale or Lease! This is a potential Sale Lease-back with 50% occupancy and proposed 2-3 yr lease. Value ad proposition with 17%CAP RATE potential. Current use for physical therapy. Layout has 1 Waiting Area; Reception Desk; 2 Filing Rooms; 2 Therapy Areas; 1 Exercise Room; 1 Breakroom; 1 Nurse's Station; 8 Exam Rooms; 6 Offices; 3 Washrooms and 1 Shower Room. Income opportunity offering value-add proposition with Sale-leaseback potential. Come see this corner, free-standing building with 29 parking spaces, 6,000 square feet, modern and well maintained medical office building. Building may be split in half (3,000 sf) & share reception/lobby patient intake area. Owner may take lease for half space for 2-3yrs depending on offer amount.

Agent Notes

Sale-lease back based on purchase price

Additional Details

  • Tax ID/APN 45-13-05-151-009.000-018
  • Zoning Medical Offic
  • Property Visibility Excellent
  • Total Number of Buildings 1
  • Number of Stories 1
  • Year Built 1977
  • Year Renovated 1990
  • Tax Auth Lake
  • Land Ownership owned
  • Legal Description 2nd South Side Add. BL.5 Lots 1,2,3,4,5,6,7,8 & Vac. Alley & W.1/2 Vac. Ash St.
  • Zoning Description Medical Office

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