505 S Third St | Elkhart, IN 46516
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505 S Third St
Elkhart, IN 46516
Hopebridge - Elkhart, IN · Office Property For Sale
Investment Highlights
- Corporate Guaranty From Hopebridge Autism Therapy (100+ Locations): Hopebridge Focuses on Personalized Care, Not Just Diagnoses
- Surging Demand For ABA Therapy Services: In 2022, the Global Market For Autism Spectrum Disorder Therapies Was Valued at $1.93 Billion
- Strong Manufacturing Base: Elkhart, the “RV Capital of the World,” is Home to Major Manufacturers Like Thor, Forest River, and Keystone
- Private Equity Backed: Hopebridge Benefits From Strong Private Equity Backing After Its 2019 Acquisition By Arsenal Capital Partners
- Sticky Tenancy: ABA Therapy Providers Tend to Maintain Long-Term Tenancies Because Relocating is Challenging Due to Patient Retention Difficulties
- Parking Lot: The Deal Includes Two Adjacent Lots Totaling 0.60 Acres With Over 50 Parking Spaces; Hopebridge Centers Provide a Supportive Care
Property Facts
Property Type
Office
Property Subtype
Building Size
12,228 SF
Building Class
B
Year Built/Renovated
1960/1988
Tenancy
Single
Building Height
1 Story
Typical Floor Size
12,228 SF
Building FAR
0.26
Lot Size
1.07 AC
Zoning
CBD
Parking
65 Spaces (5.32 Spaces per 1,000 SF Leased)
Amenities
- Signage
Property Taxes
| Parcel Number | 20-06-05-456-013.000-012 | Improvements Assessment | $413,900 |
| Land Assessment | $77,300 | Total Assessment | $491,200 |
Property Taxes
Parcel Number
20-06-05-456-013.000-012
Land Assessment
$77,300
Improvements Assessment
$413,900
Total Assessment
$491,200
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