Multi-Tenant Portfolio | Merrillville, IN

For Sale

Multi-Tenant Portfolio | Merrillville, IN

Asking Price: $7,955,000 | Cap Rate: 7.25%

• Net Operating Income: $579,710
• Weighted Avg. Lease Term (WALT): 3.87 Years

Property Highlights

• Value-Add Portfolio; Opportunity Potential for a new owner to backfill multiple vacancies (+/- 30,307 SF) across three properties and convert short-term gross leases to landlord favorable net-leases
• Diverse Tenant Mix; The properties are tenanted by a diverse array of businesses that demonstrate strong resilience to e-commerce trends
• Below Replacement Cost; Properties are being offered at a price well below replacement costs, $100/SF
• Proximity to Chicago MSA; These properties are situated within the Chicago MSA, just 40 miles from Downtown Chicago, offering access to commuters and additional growth opportunities