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501 Wall St
Valparaiso, IN 46383
Single Tenant Medical Asset | Circle City ABA · Office Property For Sale
Investment Highlights
- 7.75% cap rate single tenant net leased medical opportunity located in a vibrant and welloccupied medical office park
- Approximately 6.5 years of primary lease term remaining with no termination options – making this opportunity highly financeable
- The option rent is undefined in the lease, allowing a landlord flexibility to negotiate a significant rent increase after the primary lease term expir
- 3% annual rent increases commencing in just over 3 years
- Desirable demographics with over 63,000 people within a 5-mile radius and average household incomes exceeding $100,000 annually
- Favorable lease structure with limited landlord responsibilities – the tenant reimburses ownership for all operating expenses
Property Facts
Property Type
Office
Property Subtype
Medical
Building Size
8,205 SF
Building Class
B
Year Built
1982
Tenancy
Single
Building Height
1 Story
Typical Floor Size
8,205 SF
Building FAR
0.29
Lot Size
0.65 AC
Zoning
Commercial
Parking
35 Spaces (4.27 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 64-09-13-202-004.000-004 | Improvements Assessment | $431,000 |
| Land Assessment | $172,900 | Total Assessment | $603,900 |
Property Taxes
Parcel Number
64-09-13-202-004.000-004
Land Assessment
$172,900
Improvements Assessment
$431,000
Total Assessment
$603,900
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