PORTFOLIO INVESTMENT OFFERING
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
PORTFOLIO INVESTMENT OFFERING
Sands Investment Group is Pleased to Present Exclusively For Sale the 2-Unit Center
For Pain Control and Interventional Pain Management Portfolio Located in Indiana.
Each Location Features Approximately 10 Years Remaining With 3 Five Year Options
to Extend, Providing For an Excellent Investment Opportunity.
In Cooperation With:
Sands Investment Group Indiana, LLC
IN Lic. # RC52000211
PORTFOLIO PRICE: $7,986,048 | CAP: 6.25%
BoR: Andrew Ackerman - IN Lic. # RB20001918
To Be Sold Individually or as a Portfolio
Actual Property Image | La Porte, IN
EXCLUSIVELY MARKETED BY:
MITCHELL PAIGE ADAM BRIDGES CLIFTON MCCRORY CHRIS SANDS
Lic. # RB21002464 Lic. # RB17001127 Lic. # 99847 Lic. # 93103
912.244.3645 | DIRECT 843.405.9391 | DIRECT 540.255.5496 | DIRECT 310.870.3282 | DIRECT
mitchell@SIGnnn.com abridges@SIGnnn.com clifton@SIGnnn.com chris@SIGnnn.com
© 2022 Sands Investment Group (SIG). The information contained in this ‘Offering Memorandum’, has been obtained from sources believed to be
reliable. Sands Investment Group does not doubt its accuracy; however, Sands Investment Group makes no guarantee, representation or warranty
about the accuracy contained herein. It is the responsibility of each individual to conduct thorough due diligence on any and all information that
is passed on about the property to determine its accuracy and completeness. Any and all projections, market assumptions and cash flow analysis
are used to help determine a potential overview on the property, however there is no guarantee or assurance these projections, market
assumptions and cash flow analysis are subject to change with property and market conditions. Sands Investment Group encourages all potential
interested buyers to seek advice from your tax, financial and legal advisors before making any real estate purchase and transaction.
Actual Property Image | Hobart, IN Actual Property Image | La Porte, IN
PORTFOLIO PRICE
To Be Sold Individually
or as a Portfolio
PRICE $7,986,048
CAP 6.25%
NOI $499,128
PRICE PER SF $448.00
PRICE SQUARE ANNUAL RENT RENTAL LEASE LEASE
LOCATION PRICE CAP OPTIONS
PER SF FOOTAGE BASE RENT PER SF INCREASE BEGIN END
Center For Pain
Control $3,404,800 6.25% $448.00 7,600 SF $212,800 $28.00 2% Annually 01/01/2018 12/31/2032 3 x 5 Years
(Hobart, IN)
Center For Pain
Control $4,581,248 6.25% $448.00 10,226 SF $286,328 $28.00 2% Annually 01/01/2018 12/31/2032 3 x 5 Years
(La Porte, IN)
TOTAL $7,986,048 6.25% $448.00 17,826 SF $499,128 $28.00
LEASE SUMMARY
Actual Property Image | Hobart, IN
Center For Pain Control and
TENANT Interventional Pain Management
PREMISES Approximately 18,092 SF
LEASE COMMENCEMENT January 1, 2018
LEASE EXPIRATION December 31, 2032
LEASE TERM ~10 Years Remaining
RENEWAL OPTIONS 3 x 5 Years
RENT INCREASES 2% Annually
LEASE TYPE Absolute Triple Net (NNN)
Actual Property Image | La Porte, IN
PERMITTED USE Medical
PROPERTY TAXES Tenant’s Responsibility
INSURANCE Tenant’s Responsibility
COMMON AREA Tenant’s Responsibility
ROOF & STRUCTURE Tenant’s Responsibility
REPAIRS & MAINTENANCE Tenant’s Responsibility
HVAC Tenant’s Responsibility
UTILITIES Tenant’s Responsibility
CHICAGO
Actual Property Image
INDIVIDUAL OFFERING SUMMARY
Population
PRICE $3,404,800
CAP 6.25%
3-MILES 5-MILES 10-MILES
NOI $212,800 38,462 98,286 313,739
PRICE PER SF $448.00 (6,123 VPD)
(9,193 VPD)
D)
VP
PROPERTY SUMMARY
Average Household
60
ADDRESS Income
0,9
201 Main Street
(11
Hobart, IN 46342
COUNTY Lake 3-MILES 5-MILES 10-MILES
$69,168 $63,528 $74,407
BUILDING AREA 7,600 SF
C E N T E R F O R P A I N C O N T R O L A N D I N T E R V E N T I O N A L P A I N M A N A G E M E N T
HOBART HIGHLIGHTS
§ Highly Desirable Absolute Triple Net (NNN) Lease § The Average Household Income Within a 10-Mile
With Minimal Landlord Responsibilities Radius is Over $74,400
§ The Population Within a 10-Mile Radius Spends § The Practice Has Multiple Convenient Locations
Roughly $174MM on Health Care Annually Throughout Northwest Indiana in Hobart, Laporte,
Munster, and Valparaiso, Where the Expert and
Highly Experienced Team of Physicians Offer a Multi-
§ The Property Is Located a Block Off of E 3rd Street Faceted Approach to Patient Care
Which is The Main Road Through Downtown Hobart,
Which is Located in the Chicago MSA
§ Nearby Tenants Include: USPS, Napa Auto Parts,
Panda, First Financial Bank, Dollar General, Medstaff
§ The Centers For Pain Control and Vein Care is a Healthcare and Chase Bank
Complete One-Stop-Shop For Patients Affected By
Painful Musculoskeletal Conditions Such as Back and
Joint Pain, Uterine Fibroids and Vein Disorders Such § Population Within a 10-Mile Radius is Approximately
as Varicose Veins 313,739 Residents
DOWNTOWN CHICAGO
E 2nd St
St
Main
St
E 2n
d St
n
ai
M
HOBART, IN
H O B A R T | L A K E C O U N T Y | I N D I A N A
Hobart is a family-oriented city located on the eastern boundary of urban Lake County.
Hobart, Indiana is 6 miles SE of Gary, Indiana and 30 miles SE of Chicago, Illinois. The city is in
the Gary area. Within Northwest Indiana, Hobart enjoys a strategic location at the crossroads
of Interstate 65 and U.S. Highway 30. The City of Hobart is located adjacent to the Porter
County boundary. The city shares a common border on the north with Lake Station and New
Chicago, south with unincorporated Lake County, west with Gary and Merrillville, and east
with Portage and unincorporated Porter county. Hobart is served by excellent transportation
facilities including Interstate Highway Routes 80, 90, and 94, U.S. Highway 6, and State Roads
51 and 130. The City of Hobart had a population of 28,305 as of July 1, 2021.
Today, the city’s diverse economy is tied to the greater Chicagoland market. A variety of
opportunities are available for businesses that desire to make Hobart their home. Hobart is
home to a number businesses in its downtown shopping district, including the historic Art
Theatre. Known for its health care excellence, Hobart’s St. Mary Medical center attracts
patrons from several counties. Stretching across Hobart’s northern boundary along 37th
Avenue is a variety of commercial activity. Two major shopping plazas are at the east end with
light industry at the west. State Road 130 Industrial Area has easy access to I-80/94 to the
north, this area is home to several of Hobart’s oldest industries such as Area Sheet Metal and
Midwest Service Center. Anchored by Northwest Indiana’s premier shopping center, Westfield
Southlake Shopping Mall, the US 30 commercial corridor extends from west to east along
Hobart’s southern boundary.
Hobart also features a historic downtown in the Lakefront District on the shores of Lake
George. Lake George is a popular recreational spot. People come here to stroll along the
riverfront. They also enjoy fishing and boating on the lake. During the summer months, musical
programs are organized at Lakefront Park and also at the Revelli Bandshell. Besides this, the
city also has 14 parks, two 18 hole public golf courses, basketball courts, and baseball, football,
rugby, and soccer fields. Deep River County Park is a beautiful, serene park that encompasses
more than 1,200 acres. Hobart Art Theater downtown hosts musical acts and special events
throughout the year. August's four-day Lakefront Festival features live entertainment, an arts
and crafts area, food vendors and a beer garden, as well as the Dam Duck Race & Cardboard
Regatta.
ST. MARY MEDICAL CENTER DEEP RIVER COUNTY PARKActual Property Image
INDIVIDUAL OFFERING SUMMARY
Population
PRICE $4,581,248
(10
CAP 6.25%
,87
3-MILES 5-MILES 10-MILES
2V
NOI $286,328 23,748 30,339 55,386
PD
(2
PRICE PER SF $448.00
1,
)
91
E S
8
PROPERTY SUMMARY tH
Average Household
VP
wy
(8,
D
95
ADDRESS 200-206 Legacy Plaza W 0V Income
)
P D)
La Porte, IN 46350
COUNTY Lake 3-MILES 5-MILES 10-MILES
$62,490 $71,154 $78,583
BUILDING AREA 10,226 SFC E N T E R F O R P A I N C O N T R O L A N D I N T E R V E N T I O N A L P A I N M A N A G E M E N T
LA PORTE HIGHLIGHTS
§ Highly Desirable Absolute Triple Net (NNN) Lease § The Practice Has Multiple Convenient Locations
With Minimal Landlord Responsibilities Throughout Northwest Indiana in Hobart, Laporte,
Munster and Valparaiso, Where the Expert and
Highly Experienced Team of Physicians Offer a
§ Within a 10-Mile Radius of the Property the Multi-Faceted Approach to Patient Care
Population Spends Roughly $36.5MM on Health
Care Annually
§ Surrounded By Other Medical Tenants in the Plaza
Giving Excellent Visibility to Prospective Patients
§ Located Off of Route 4 Which is a Main Road Into
Downtown La Porte
§ Nearby Tenants Include: Northshore Health
Centers, Lakeshore Bone & Joint Institute, La
§ The Centers For Pain Control and Vein Care is a Porte Physician Network and Fresenius Kidney
Complete One-Stop-Shop For Patients Affected By Care
Painful Musculoskeletal Conditions Such as Back
and Joint Pain, Uterine Fibroids and Vein
Disorders Such as Varicose VeinsM
on
ro
e
St
Leg
acy
Pla
za
WSt
e
ro
on
M
W
laza
cy P
LegaLA PORTE, IN
L A P O R T E | L A K E C O U N T Y | I N D I A N A
La Porte, surrounded by lakes and walkable historic downtown, is the best-kept secret in
Indiana. La Porte is a city in LaPorte County, Indiana, United States, of which it is the county
seat. It is one of the two principal cities of the Michigan City-La Porte, Indiana Metropolitan
Statistical Area, which is included in the Chicago–Naperville–Michigan City, Illinois–Indiana–
Wisconsin Combined Statistical Area. La Porte is located in northwest Indiana, east of Gary,
and west of South Bend. According to the 2010 census, La Porte has a total area of 12.37
square miles. The city is twinned with Grangemouth in Scotland. The City of La Porte had a
population of 22,141 as of July 1, 2021.
The City of La Porte is a community dedicated to outdoor recreation while fostering a vibrant
downtown for businesses and remote workers. The economy of La Porte & Michigan City IN
are connected to each other. Seated in La Porte County, the county’s central location between
Chicago and other leading Midwestern commercial and consumer markets makes the Michigan
City-La Porte MSA a natural location for expanding and creating new businesses. Top
Employment by industries include Manufacturing and Utilities, Professional Services, Retail &
Wholesale Trade, Healthcare and Social Services and Arts & Entertainment. Michigan City-La
Porte’s pro-business environment has much to offer to business and industries. From a skilled
labor force to targeted tax incentives, from educational and training pipelines to competitive
market rates – the area is a central gateway for companies looking to establish community
roots located at the center of a major economic region. Major Employers in the city include:
Blue Chip Casino, IU Health La Porte Hospital, Inc., County of La Porte, Arconic Power &
Propulsion, Howmet and Aero Metals among the top.
The City of La Porte is a community dedicated to outdoor recreation while fostering a vibrant
downtown for businesses and remote workers. Downtown La Porte, an official Indiana Main
Street community, is home to many festivals, activities, and entertainment. Exciting happenings
like Fitness Friday, the Farmers Market, Saturdays in the Sun, the Sunflower Fair, and the
Taste of La Porte, all come together to make downtown a great place to visit, play and invest.
La Porte has been endowed with great natural beauty, which is evident through its numerous
lakes and woodlands. La Porte and nearby Attractions include Door Prairie Auto Museum, La
Porte County Historical Society and Museum, La Porte County Symphony Orchestra,
Kingsbury State Fish and Wildlife Area, Fox Memorial Park and Pine Lake.
NORTHWEST HEALTH FOX MEMORIAL PARKCONFIDENTIALITY
AGREEMENT
The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be
reviewed only by the party receiving it from Sands Investment Group and should not be made available to any other person or
entity without the written consent of Sands Investment Group.
This Offering Memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to
establish only a preliminary level of interest in the subject property.
The information contained herein is not a substitute for a thorough due diligence investigation, and makes no warranty or
representation, with respect to the income or expenses for the subject property, the future projected financial performance of the
property, the size and square footage of the property and improvements, the presence or absence of contaminating substances,
PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the
financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the
subject property.
The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however,
Sands Investment Group has not verified, and will not verify, any of the information contained herein, nor has Sands Investment
Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the
accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the
information set forth herein.
By receipt of this Memorandum, you agree that this Memorandum and its contents are of confidential nature, that you will hold
and treat it in the strictest confidence and that you will not disclose its contents in any manner detrimental to the interest of the
Owner. You also agree that by accepting this Memorandum you agree to release Sands Investment Group and hold it harmless
from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.A C T U A L P R O P E R T Y Actual
IMAG Property
E – FImage
ULTO| Hobert,
N, MO IN
CENTER FOR PAIN CONTROL
AND INTERVENTIONAL PAIN
MANAGEMENT
2-UNIT PORTFOLIO
EXCLUSIVELY MARKETED BY:
MITCHELL PAIGE
Lic. # RB21002464
912.244.3645 | DIRECT
mitchell@SIGnnn.com
ADAM BRIDGES
Lic. # RB17001127
843.405.9391 | DIRECT
abridges@SIGnnn.com
CLIFTON MCCRORY
Lic. # 99847
540.255.5496 | DIRECT
clifton@SIGnnn.com
CHRIS SANDS
Lic. # 93103
In Cooperation With:
310.870.3282 | DIRECT
Sands Investment Group Indiana, LLC IN Lic. # RC52000211
chris@SIGnnn.com BoR: Andrew Ackerman - IN Lic. # RB20001918You can also read
