Cap Rate
9.30%
Gross SQFT
15,702
Year Built
2001
Term Remaining
4 Years Firm
NOI
$237,362
Property Type
Office
INVESTMENT HIGHLIGHTS
- Government-Backed Lease – Lease is backed by the federal government which is considered AAA credit
- Brand New Lease – This asset went through a renewal in September 2022 for an additional 5 Year firm lease, currently has 4-Years firm with and an additional 5-Year Soft period
- Near National Investment Grade Tenants -Lake County has the second highest number of Social Security recipients in the State of Indiana at 11,819 according to the
Social Security Administration. - High Population Density – There are over 91,000 residents living in a 5-mile radius
- Oversized Lot – This property is located on 2.29 acres which is ±100,187 SF
- Hard Signalized Corner – Property sits at the corner of Lake St and Dunes Hwy
Broker of Record
- Kyle Matthews
- License No. RC52200195 (IN)
- (310) 919-5757
- Matthews Retail Group, Inc.
- 1600 West End,
Ste. 1500 Nashville, TN 37203