Chapel Office Portfolio | Merrillville, IN
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
