For Sale

Chapel Office Portfolio | Merrillville, IN

Asking Price: $6,050,000 | Cap Rate: 7.15%

  • Net Operating Income: $432,405
  • Weighted Avg. Lease Term (WALT): 2.3 Years
  • Lease Type: Modified Gross

Property Highlights

  • 100% leased multi-tenant office portfolio: A mix of traditional and medical office users
  • Value-add opportunity: Potential to convert short -term gross leases to landlord favorable net leases
  • High trafficked Location: the Daytime population of Merrillville grows by 100,000+ due to shoppers and workers
  • Neighboring retail and medical tenants include: Walgreens, ALDI, CVS, Costco, Methodist Hospital, and more