Diamond Plaza | Portage, IN
For Sale
Diamond Plaza | Portage, IN
Asking Price: $4,560,000
| Cap Rate: 7.5%
- Net Operating Income: $342,384
- Weighted Avg. Lease Term (WALT): 3.26 Years
- Lease Type: Net
Property Highlights
- Value-add opportunity; two unoccupied retail suites providing immediate upside for investors
- Excellent historical occupancy; asset has a weighted average historical occupancy of more than 8 years
- Minimal landlord responsibilities: 9 of the 10 tenants are operating on net leases
- Approx. 1,800 single-family homes & townhomes under construction or in development Surrounding the property
