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3691 Willowcreek RdPortage, IN 46368
Lakeshore Bone & Joint Institute
Asset ClassHealthcare Facility, Office
40K SF MOB | Lakeshore Bone & Joint | Price Reduction
overview of deal

Overview

Institutional Property Advisors is pleased to present 3691 Willowcreek Road, a 40,314 SF single-tenant medical office investment located in Portage, Indiana, within the Chicago MSA.

 

The property was constructed in 2007 and sits on 4.1 acres. It is 100% leased under a ~ten-year absolute NNN master lease to Lakeshore Bone & Joint Institute, a well-established orthopedic practice with meaningful operating scale. The asset is directly across from Portage Hospital (UP Health System) and offers immediate access to Interstate-80, providing strong regional connectivity throughout Northwest Indiana and Chicago.

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Investment Highlights

  • Price Reduction: $12,665,000 (reduced from $13,719,423)
  • Cap Rate: 6.50% (reduced from 6.00%)
  • Lease Structure: Single-Tenant | Absolute NNN Master Lease
  • Lease Term / Escalations: ~10 Years | 2.00% Annual Increases
  • Tenant Credit: $80M+ Revenue Practice
  • Clinical Infrastructure: On-site MRI + Two X-Ray Suites
  • Provider Base: 25 Physicians + 11 PAs
  • Location: Hospital-adjacent within Northwest Indiana’s primary medical corridor
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3691 Willowcreek RdPortage, IN 46368
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