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Credit Tenant MOB Portfolio - Indiana 323 W Tournament Trl 38,638 SF Office Building Westfield, IN 46074 $21,450,000 ($555.15/SF) 6.40% Cap Rate
INVESTMENT HIGHLIGHTS
- Investment-Grade Credits w/ Hospital Systems
- Long-Term Tenant Commitment
- Long-Term, Passive Cash Flow from NNN Leases
- Mission-Critical Locations
- Dominant Healthcare Providers in Strong Markets
EXECUTIVE SUMMARY
RIVERVIEW HEALTH - Primary and Specialty Care | 323 W Tournament Trail - Westfield, IN 46074
ORTHOPAEDICS NORTHEAST - PARKVIEW HEALTH - Orthopedics and Specialty Care | 315 E 200 North - Warsaw, IN 46582
ESKENAZI HEALTH - Hospital-Licensed Outpatient Center (Primary Care, Mental Health, Substance Abuse) | 3419 English Ave - Indianapolis, IN 46201
Northmarq National Healthcare Group is pleased to exclusively offer the opportunity to acquire a three-property medical office portfolio totaling approximately 38,638 square feet across Indiana. Each property is fully leased to investment-grade and market-dominant healthcare providers, including Riverview Health, a community-based health system owned by Hamilton County (now under a management agreement with Parkview Health), Orthopaedics Northeast (in a joint venture partnership with Parkview Health), and the Health & Hospital Corporation of Marion County (commonly known as Eskenazi Health). Collectively, the portfolio features a weighted average lease term (WALT) of 13.5 years, all under NNN lease structures with attractive annual rental escalations and multiple renewal options. The portfolio offers investors durable, long-term income streams with minimal landlord responsibilities, secured by tenants that are essential healthcare providers in their respective markets.
ORTHOPAEDICS NORTHEAST - PARKVIEW HEALTH - Orthopedics and Specialty Care | 315 E 200 North - Warsaw, IN 46582
ESKENAZI HEALTH - Hospital-Licensed Outpatient Center (Primary Care, Mental Health, Substance Abuse) | 3419 English Ave - Indianapolis, IN 46201
Northmarq National Healthcare Group is pleased to exclusively offer the opportunity to acquire a three-property medical office portfolio totaling approximately 38,638 square feet across Indiana. Each property is fully leased to investment-grade and market-dominant healthcare providers, including Riverview Health, a community-based health system owned by Hamilton County (now under a management agreement with Parkview Health), Orthopaedics Northeast (in a joint venture partnership with Parkview Health), and the Health & Hospital Corporation of Marion County (commonly known as Eskenazi Health). Collectively, the portfolio features a weighted average lease term (WALT) of 13.5 years, all under NNN lease structures with attractive annual rental escalations and multiple renewal options. The portfolio offers investors durable, long-term income streams with minimal landlord responsibilities, secured by tenants that are essential healthcare providers in their respective markets.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
38,638 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$21,450,000
Price Per SF
$555.15
Cap Rate
6.40%
NOI
$1,372,473
Tenancy
Single
Building Height
1 Story
Typical Floor Size
13,693 SF
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Credit Tenant MOB Portfolio - Indiana | 323 W Tournament Trl
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