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