December 15, 2020 – Matt Siebert of Horvath & Tremblay has successfully completed the sale of Hopebridge Medical in Terre Haute, Indiana. Horvath & Tremblay represented the buyer, to complete the transaction at a sale price of $3,200,000.
Hopebridge Medical is located at 399 hospital Lane in Terre Haute, Indiana. The stand-alone building consists of 10,000 square feet on a 3.17-acre lot. Hopebridge Medical signed a new 1-year double net (NN) lease that has two, 3-year renewal options. The lease calls for 1.25% annual rent increases throughout the base term and the option periods. Constructed in 2020, the property was designed specifically for the Tenant. The property is strategically positioned less than 1-mile from Interstate 70 and sits adjacent to US Route 41, offering excellent visibility and access to the 37,000 vehicles that pass the property each day. 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 had been unable to patronize existing Hopebridge centers in Terre haute.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.