Eskenazi Health Outpatient Clinic 3419 English Ave Immeuble | 1 394 m² | Soins de santé | À vendre 4 008 589 € | Taux de capitalisation 6,50 % | Indianapolis, IN 46201

Northmarq 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.
The subject property is being offered below replacement cost at $333/SF. The total redevelopment cost between the tenant and developer was $6,849,00 ($456/SF). The tenant has invested over $3.4 million into tenant improvements for the property making it an impressive hospital licensed space. This location will be the tenant's largest Mental Health Primary Care & Opiod Treatment Facility to date.
The subject property is advantageously located, as it is near a new $1 Billion City of Indianapolis Criminal Justice Center Campus. Furthermore, the surrounding 5-mile area features more than 253,000 residents with a strong growth projection over the next several years.
In Association with: Tom Fritz, IN Lic# RB14048630