4802 Broadway - Medical FOR SALE


Gary, IN 46408
$3,300,000 USD
949-270-8229
4802 Broadway, Gary, IN for Sale
$3,300,000 USD
Medical - FOR SALE
1/9
null | 7.81% Cap Rate

4802 Broadway
Gary, IN 46408


HIGHLIGHTS

  • Over 3 Year Remaining | Recent Lease Extension | Scheduled Rental Increases
  • Hard Corner Intersection | National/Credit Tenant Presence | Methodist Hospital (491 Beds)
  • Direct Residential Consumer Base |Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a two-tenant, medical center investment property located in Gary, IN (Chicago MSA). The property is divided into two suites with DaVita Dialysis currently occupying approximately 11,203 SF of the 13,125 SF leasable area, leaving approximately 1,922 SF vacant. The tenant, TRC – Indiana, LLC, recently extended their lease now has over 3 years year remaining in their lease term with 3 (5-years) option periods left to extend. The lease features 2% rental increases at the beginning of each option, growing growing NOI and hedging against inflation. Founded in 1994, DaVita Dialysis is one of the largest providers of kidney care in the U.S. and has been a leader in clinical quality and innovation for more than 20 years.

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$251 USD /SF

CAP RATE

7.81%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Multi-Tenant Medical Office | Davita

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

Business

APN/PARCEL ID

45-08-33-283-016.000-004

ASK ABOUT THIS PROPERTY

Stephen SullivanSRS National Net LeaseMore Info
949-270-8229

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

Stephen SullivanSRS National Net LeaseMore Info
949-270-8229

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