3723 Franklin St - Medical FOR SALE
Michigan City, IN 46360 |
$1,150,000 USD
818-510-3158
3723 Franklin St
Michigan City, IN 46360
HIGHLIGHTS
- There are minimal landlord responsibilities throughout the lease term, offering a passive investment for both local and national investors.
- $649 MILLION TRAIN LINE BETWEEN MICHIGAN CITY AND CHICAGO
- The property is strategically located less than three miles from the Franciscan Health Michigan City hospital.
- There are just over 4 years remaining on the lease with 2% annual increases and one, 5-year option to extend.
- Franciscan Health has a “AA” Fitch rating with over 20,000 employees and a number of nationally recognized Centers of Health Care Excellence
- Franciscan Alliance is among the largest and most respected physician networks in the Midwest, with 12 hospital campuses, 850 primary
FOR SALE DETAILS
PRICE
$1,150,000 USD
PRICE/SF
$81 USD /SF
CAP RATE
10.36%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
FRANCISCAN HEALTH CENTER
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
ADD'L SUBTYPES
Freestanding, Office/Residential
TOTAL BUILDING SIZE
-
STORIES
2
BUILDING CLASS
C
YEAR BUILT
1954
SPRINKLERS
-
PARKING SPACES
30
LAND DETAILS
LAND ACRES
1.04 AC
LAND SF
45,302 SF
ZONING
-
APN/PARCEL ID
46-05-05-426-027.000-009
ASK ABOUT THIS PROPERTY
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818-510-3158
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818-510-3158
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