Healthcare

Hopebridge Medical Office Opportunity

399 Hospital Lane Terre Haute, Indiana United States 47802-4249
Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Building Area
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Property Description

JLL is pleased to present for sale the Hopebridge Terre Haute Medical Office Opportunity. Comprising approximately 10,000 square feet of brand-new medical office space, Hopebridge, LLC, a high-growth private-equity sponsored business operating within the vital healthcare and education sectors, wholly leases the building. The property offers $225,000 in year 1 NOI and ten years of lease term upon the expected lease commencement date of November 1, 2020.

Situated immediately next to the Terre Haute Regional Hospital and a dense commercial corridor, the location is highly desirable and is centrally located within the 170,000-person metropolitan area. Hopebridge has carefully selected this new location to accommodate a growing backlog of interested patients, who have been unable to patronize existing Hopebridge centers in Terre Haute due to capacity restraints.


Investors now have the exceptional opportunity to invest in a high-quality medical office asset, featuring a growing, PE-sponsored behavior health tenant, with an enticing value-add investment profile.

Investment Highlights

  • Outstanding medical tenancy with private equity sponsored credit profile
  • Brand-new expansion location necessitated by substantial wait list due to track record of success in Terre Haute market
  • Strategically located in a dense medical & retail cluster adjacent to the Terre Haute Regional Hospital
  • Defensive medical office investment with appealing net lease fundamentals
  • Encouraging tenant growth model with ongoing expansion initiatives
Last Updated Date: 14 Oct 2020
Alex Sharrin
Alex Sharrin
Managing Director, Capital Markets
License details
IL - 475.170243
Alex Geanakos
Alex Geanakos
Director, Capital Markets
License details
475.189621

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Last Updated Date: 14 Oct 2020

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