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1700 Alber StWabash, IN 46992
Lutheran Health
Asset ClassHealthcare Facility
AVG SF29,000
# Tenants: 1Cap Rate: 6.57%Land: 6.18 AcresAccess Data Room
29K SF STNL | Health System Master Lease | Wabash, IN
overview of deal

Overview

Institutional Property Advisors presents is pleased to exclusively present 1700 Alber Street, a 29,660 square foot medical office and outpatient facility in Wabash, IN. The Property is 100% master leased by Lutheran Health Network Outpatient Center with eight and a half years of NNN lease term remaining. Situated just north of downtown Wabash, the property offers an investor the opportunity to acquire excellent real estate significantly visible along Wabash’s main corridor, along Highway 24, and placed adjacent to Parkview Wabash Hospital.

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Investment Highlights

  • TENANT: Lutheran Health Network (CHS)
  • PROPERTY: 29,660 SF | 6.18 AC | Master Leased with 8.5 Years Remaining
  • LOCATION: Directly Across from Parkview Wabash Hospital
  • ANNUAL INCREASES: 2.00% | LEASE: NNN
  • PRACTICE: Family Medicine, OBGYN, Cardiology, Pulmonology, Optimum Performance Therapy
  • ACCESSIBILITY: Easy Access & High Visibility to Highway 24
  • 5-MILE POPULATION: 13,300
  • 5-MILE HOUSEHOLD INCOME: $67,306 (Average)
1700 Alber StWabash, IN 46992

IPA Team

Joe MassaSenior Managing Director

License #: 314311

(615) 339-3467jmassa@ipausa.com
Anthony LuncefordSenior Managing Director

License #: 311172

(615) 712-0448alunceford@ipausa.com
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