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3419 English Ave - Eskenazi Health Outpatient Clinic 15,000 SF Health Care Building Offered at $4,615,000 at a 6.50% Cap Rate in Indianapolis, IN 46201
INVESTMENT HIGHLIGHTS
- Investment Grade AA1/AA+ Credit
- Sticky Location w/ Special Use Variant
- Synergistic Location w/ Nearby Developments
- Tenant Investment of $3.4 Million
- Priced Below Replacement Cost
- Tax Advantaged (Opportunity Zone)
EXECUTIVE SUMMARY
Northmarq National Healthcare Group is pleased to offer the opportunity to acquire the fee simple interest in a newly redeveloped Eskenazi Health clinic in Indianapolis, Indiana. The property features a 10-year NNN lease with above-market rental increases throughout. The tenant, Eskenazi Health, serves as the public hospital division of the Health & Hospital Corporation of Marion County, one of the country's largest Essential Health Care Systems that has served Indiana for over 150 years. This opportunity features investment grade credit with an AA+ rating from S&P and an Aa1 rating from Moody's.
PROPERTY FACTS
| Price | $4,615,000 | Lot Size | 6.29 AC |
| Price Per Bed | $4,615,000 | Building Size | 15,000 SF |
| Sale Type | Investment | No. Beds | 1 |
| Cap Rate | 6.50% | No. Stories | 1 |
| Property Type | Health Care | Year Built/Renovated | 1969/2023 |
| Property Subtype | Skilled Nursing Facility | Parking Ratio | 4.33/1,000 SF |
| Building Class | B | Opportunity Zone |
Yes
|
| Zoning | ZO01 | ||
| Price | $4,615,000 |
| Price Per Bed | $4,615,000 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Property Type | Health Care |
| Property Subtype | Skilled Nursing Facility |
| Building Class | B |
| Lot Size | 6.29 AC |
| Building Size | 15,000 SF |
| No. Beds | 1 |
| No. Stories | 1 |
| Year Built/Renovated | 1969/2023 |
| Parking Ratio | 4.33/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | ZO01 |
AMENITIES
- Wheelchair Accessible
1 1
PROPERTY TAXES
| Parcel Number | 49-10-08-144-007.000-101 | Improvements Assessment | $900,500 |
| Land Assessment | $323,200 | Total Assessment | $1,223,700 |
PROPERTY TAXES
Parcel Number
49-10-08-144-007.000-101
Land Assessment
$323,200
Improvements Assessment
$900,500
Total Assessment
$1,223,700
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