4500 E 181st Ave
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4500 E 181st Ave
12,160 SF Office Building Lowell, IN 46356 £5,136,784 (£422/SF) 6.25% Net Initial Yield
Investment Highlights
- Long-Term Opportunity
- Minimal Landlord Responsibilities
- Access & Visibility
- Investment Grade Tenancy
- Recession Resistant
- Dense, Affluent Customer Base
Executive Summary
CBRE’s Net Lease Property Group – Midwest is pleased to present to qualified individuals, the opportunity to acquire 100% fee interest in a freestanding Franciscan Physician in Lowell, Indiana. Franciscan Physician currently has over 9.5 years remaining on their lease and they’ve been operating since 2014. The corporate lease features three, 10-year renewal options and 2% annual rental increases throughout the base term.
Franciscan Physician is located with unmatched visibility from E Commercial Ave (IN-2), an east-west route running from the Illinois border to the outskirts of South Bend, Indiana, which boasts strong traffic counts of nearly 11,300 VPD. The Property’s location is ideally situated a few minutes from Interstate 65, the main north and south highway serving the state of Indiana with traffic counts of over 100,000 vehicles per day.
Franciscan Physician is located with unmatched visibility from E Commercial Ave (IN-2), an east-west route running from the Illinois border to the outskirts of South Bend, Indiana, which boasts strong traffic counts of nearly 11,300 VPD. The Property’s location is ideally situated a few minutes from Interstate 65, the main north and south highway serving the state of Indiana with traffic counts of over 100,000 vehicles per day.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
12,160 SF
Building Class
B
Year Built
2014
Price
£5,136,784
Price Per SF
£422
Net Initial Yield
6.25%
NOI
£321,049
Tenancy
Single
Number of Floors
1
Typical Floor Size
12,160 SF
Building FAR
0.13
Lot Size
2.17 AC
Zoning
PB
Parking
82 Spaces (6.74 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £1,687,119 | |
| Land Assessment | £431,052 | Total Assessment | £2,118,170 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£431,052
Improvements Assessment
£1,687,119
Total Assessment
£2,118,170
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4500 E 181st Ave
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