14585 Hazel Dell Pky - Medical FOR SALE


Carmel, IN 46033
$13,100,000 USD
925-212-7254
14585 Hazel Dell Pky, Carmel, IN for Sale
$13,100,000 USD
Medical - FOR SALE
1/6
null | 6% Cap Rate

14585 Hazel Dell Pky
Carmel, IN 46033


HIGHLIGHTS

  • 15+ Year Absolute NNN Lease
  • Highly Specialized ER/Urgent Care Property
  • Very High Demographic Area | $217K+ Avg. Household Incomes
  • 6.91% Avg. Cap Rate Over the Remaining Lease Term

OVERVIEW

Marcus & Millichap is pleased to present this 15+ year single tenant absolute NNN ER/Urgent Care property, located at 14585 Hazel Dell Parkway in Carmel, IN. The subject property is a 11,845 SF medical building, that was a build to suit project for Riverview Health and their operating partner Intuitive Health in 2020. This highly specialized class A property features: 2 trauma beds, ER/urgent care beds, an on-site laboratory, on-site CT scan, X-ray, ultrasound & EKG, emergency room physician staff, 24/7 ER services & urgent care services 7 days a week from 7 AM-10 PM. The building is additionally located in one of the wealthiest areas in the state of Indiana, with $217K+ average household incomes within a 1 mile radius of the subject property. This very rare long term hospital leased deal is an ideal 1031 exchange property, offering an investor stability, an attractive 6.91% average cap rate over the initial lease term and absolutely zero landlord responsibilities.

FOR SALE DETAILS

PRICE

$13,100,000 USD

PRICE/SF

$1,106 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.9 AC

LAND SF

82,764 SF

ZONING

C

APN/PARCEL ID

29-10-22-022-003.000-018

ASK ABOUT THIS PROPERTY

Alex VidalMarcus & MillichapMore Info
925-212-7254

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Alex VidalMarcus & MillichapMore Info
925-212-7254

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.