Office

CHS - LAPORTE HOSPITAL

600 Legacy Plaza W, La Porte, IN 46350

Listing Price: $7,534,000

Cap Rate
7.10%
Gross SF
17,343
Rentable SF
17,343
Price/Gross SF
$434.41
Lot Size
5.02 acres
Year Built
2011

Investment Overview

Marcus & Millichap is pleased to present this fee-simple ownership interest in 600 Legacy Plaza E located in LaPorte, Indiana. This single-tenant property was constructed in 2011, and is occupied by La Porte Hospital Incorporated providing services such as outpatient care, occupational therapy, pediatric rehabilitation, speech therapy and general medical services. Lakeshore Bone and Joint is a sub-tenant occupying roughly 50 percent of the site. The property operates under double-net lease with just under eight years of term remaining. The site sits on 5.02-acres offering 16,700-square feet of class B medical office space with additional room for expansion on the parcel.

This property offers investors the opportunity to acquire a key medical asset with excellent history, reputation, and stable long-term passive cash flow. Built only eight years ago, the property showcases modern and attractive office spaces. Located right off a major thoroughfare, this location offers great access for patients and physicians. Offering an exceptional location, outstanding accessibility, abundant amenities and stable investment-grade cash flow, 600 Legacy Plaza represents an excellent core investment with low risk and few landlord responsibilities.

Investment Highlights

  • IU Health La Porte is a Subsidiary of Community Health Systems (CHS)
  • Located Two Miles From La Porte Hospital
  • Recent Additions Constructed and Built-Out

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/Regional Manager

    License(s): IN: RB14034355

    Indiana

Listing Price: $7,534,000

Cap Rate
7.10%
Gross SF
17,343
Rentable SF
17,343
Price/Gross SF
$434.41
Lot Size
5.02 acres
Year Built
2011

Investment Highlights

  • IU Health La Porte is a Subsidiary of Community Health Systems (CHS)
  • Located Two Miles From La Porte Hospital
  • Recent Additions Constructed and Built-Out

Investment Overview

Marcus & Millichap is pleased to present this fee-simple ownership interest in 600 Legacy Plaza E located in LaPorte, Indiana. This single-tenant property was constructed in 2011, and is occupied by La Porte Hospital Incorporated providing services such as outpatient care, occupational therapy, pediatric rehabilitation, speech therapy and general medical services. Lakeshore Bone and Joint is a sub-tenant occupying roughly 50 percent of the site. The property operates under double-net lease with just under eight years of term remaining. The site sits on 5.02-acres offering 16,700-square feet of class B medical office space with additional room for expansion on the parcel.

This property offers investors the opportunity to acquire a key medical asset with excellent history, reputation, and stable long-term passive cash flow. Built only eight years ago, the property showcases modern and attractive office spaces. Located right off a major thoroughfare, this location offers great access for patients and physicians. Offering an exceptional location, outstanding accessibility, abundant amenities and stable investment-grade cash flow, 600 Legacy Plaza represents an excellent core investment with low risk and few landlord responsibilities.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/Regional Manager

    License(s): IN: RB14034355

    Indiana

MM Texture Background
MM Textured Background Lower