501 Wall St - Medical FOR SALE


Valparaiso, IN 46383
$2,225,000 USD
312-624-7006
501 Wall St, Valparaiso, IN for Sale
$2,225,000 USD
Medical - FOR SALE
1/6
null | 7.75% Cap Rate

501 Wall St
Valparaiso, IN 46383


HIGHLIGHTS

  • 7.75% cap rate single tenant net leased medical opportunity located in a vibrant and welloccupied medical office park
  • 3% annual rent increases commencing in just over 3 years
  • Approximately 6.5 years of primary lease term remaining with no termination options – making this opportunity highly financeable
  • Desirable demographics with over 63,000 people within a 5-mile radius and average household incomes exceeding $100,000 annually
  • The option rent is undefined in the lease, allowing a landlord flexibility to negotiate a significant rent increase after the primary lease term expir
  • Favorable lease structure with limited landlord responsibilities – the tenant reimburses ownership for all operating expenses

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to purchase the fee simple interest in single tenant net-leased Circle City ABA Autism Treatment Center located in Valparaiso, Indiana. Circle City ABA has 27 treatment centers located nationally, though their roots arein Indiana and the majority of their locations are in Indiana. Circle City is family owned and actively growing its national footprint. Circle City’s program brings together a team of experienced therapists who understand each individual child’s needs. The center offers a dynamic and welcoming playscape of group therapy rooms, playrooms, individual therapy rooms and bright, inviting workspaces. The program is geared to help autistic children grow and improve their communication, daily living and social skills through applied behavior analysis. Encumbered by an original 8-Year, double net lease, Circle City ABA currently has approximately 6.5 years of firm lease term remaining. In July of 2028, the rent increases 3% with annual rent increases following this cadence for the duration of the primary lease term. Option rents are undefined in the lease, providing a landlord with flexibility and leverage to grow the property’s income significantly at the end of the base term. Located in the heart of Valparaiso, Indiana, 501 Wall Street is positioned just off a primary retail corridor, within a dense medical office park. The building features brick construction with an interior that is both cheerful and functional. Valparaiso in particular and Northwest Indiana generally have become known for a robust healthcare infrastructure with a number of large hospitals dotting this submarket known locally as “The Region.” Offered for purchase at a 7.75% CAP Rate, this low price point, single tenant medical office asset can be purchased at approximately replacement cost in a location with compelling tailwinds.

FOR SALE DETAILS

PRICE

$2,225,000 USD

PRICE/SF

$262 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Single Tenant Medical Asset | Circle City ABA

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

Commercial

APN/PARCEL ID

64-09-13-203-001.000-004

ASK ABOUT THIS PROPERTY

Mitchell KivenMarcus & MillichapMore Info
312-624-7006

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Mitchell KivenMarcus & MillichapMore Info
312-624-7006

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