5818 Columbia Ave | Hammond, IN 46320
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5818 Columbia Ave
Hammond, IN 46320
Oak Street Health | NNN Lease | Rev. $2.16B · Office Property For Sale
Investment Highlights
- High-Quality Healthcare Asset – This an ideal investment opportunity for investors looking to complement their existing portfolio
- Passive NNN Lease – This building features a NNN lease with minimal landlord responsibilities, providing a passive investment vehicle
- High Growth Company – Oak Street Health’s revenue grew 62% year over year for calendar year 2021
- Inflationary Protected Lease – This lease features above-market, 2.50% annual rent increases, providing a major cash flow boost
- Industry-Leading National Operator – Oak Street Health operates 169 healthcare facilities across 21 states and is the chosen provider of AARP
- Humana Inc. Partnership – Oak Street Health forged a strategic partnership with Humana Inc., the nation’s 3rd largest health insurance provider
Property Facts
Property Type
Office
Property Subtype
Building Size
8,335 SF
Building Class
C
Year Built
1929
Tenancy
Single
Building Height
1 Story
Typical Floor Size
8,335 SF
Building FAR
0.80
Lot Size
0.24 AC
Zoning
C-4 - Medical Building
Amenities
- Security System
- Signage
Property Taxes
| Parcel Number | 45-07-06-132-032.000-023 | Improvements Assessment | $1,831,100 |
| Land Assessment | $30,400 | Total Assessment | $1,861,500 |
Property Taxes
Parcel Number
45-07-06-132-032.000-023
Land Assessment
$30,400
Improvements Assessment
$1,831,100
Total Assessment
$1,861,500
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