1265 S Lake Park Avenue, Hobart, IN 46342

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Property Description

Free Standing Medical Building for Sale or Lease! This is a potential Sale Lease-back with 50% occupancy and proposed 2 yr lease. Value ad proposition with 17%CAP RATE potential. Current use for physical therapy. Layout has 1 Waiting Area; Reception Desk; 2 Filing Rooms; 2 Therapy Areas; 1 Exercise Room; 1 Breakroom; 1 Nurse's Station; 8 Exam Rooms; 6 Offices; 3 Washrooms and 1 Shower Room. Income opportunity offering value-add proposition with Sale-leaseback potential. Come see this corner, free-standing building with 29 parking spaces, 6,000 square feet, modern and well maintained medical office building. Building may be split in half (3,000 sf) & share reception/lobby patient intake area. Owner may take lease for half space for 2-3yrs depending on offer amount.

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Listing courtesy of Villar-Real Estate Advisors, Llc.

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