August 13, 2021 – Brendan Conway of Horvath & Tremblay has successfully completed the sale of the East Indiana Comprehensive Treatment Center in Lawrenceburg, Indiana. Horvath & Tremblay procured the buyer to complete the transaction at a sale price of $2,490,000.
The East Indiana Comprehensive Treatment Center (“EICTC”) is located at 816 Rudolph Way in Lawrenceburg, Indiana. In 1995, EITC occupied 10% of the total building gross Leasable area (GLA) and has since expanded their space to occupy 90% of the building by 2009. The building is 100% Occupied by two tenants, EITC and a Roofing Company which is on a MTM lease since 2014. The current lease for EITC has 3.3-years remaining and is subject to 2.50% annual increases. The tenant is responsible for the interior and reimburses the landlord for 90% of the total CAM, Insurance, and Tax expenses. The property is located on a corner lot at the intersection of Minger Drive and Rudolph Way, with excellent visibility and multiple access points. Rudolph Way runs adjacent to US Route 50, which boasts over 33,800 vehicles per day. The property enjoys proximity to Lawrenceburg Schools with over 1,500+ Students and several prominent local attractions such as the Hollywood Casino and Lawrenceburg Speedway. The property also benefits from being within 2 miles north of a $33-Million Whiskey River Apartment Complex Development
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the 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.