January 13, 2023 – Mark MacDonald of Horvath & Tremblay has successfully completed the sale of an 11,800 square foot medical office building in Valparaiso, Indiana. Horvath & Tremblay exclusively represented the buyer in this transaction at a sale price of $1,025,000.
The Medical Office Building is located at 402 Wall Street in Valparaiso, Indiana. Constructed in 1986 the medical building contains 11,800 square feet and is positioned on a 1.51-acre corner parcel. The Property is 100% occupied by six complimentary tenants, all of which enjoy modified gross leases. All of the leases expire within 2 years and four of the six tenants have multiple renewal options. The Property is positioned at the intersection of Valparaiso Street and Wall Street and enjoys outstanding visibility and frontage. The Property is located within a cluster of medical buildings and is also just 2-miles from Valparaiso University. The Property is also near Purdue University, North Central Campus and Ivy Technical Community College, Northwest. The Property enjoys close proximity to local areas shopping amenities, positioned 0.4-miles from Calumet Avenue, the area’s primary commercial corridor with numerous restaurants and retailers like Strack & Van Til, Town & Country (Grocery Stores), CVS, Walgreens, McDonald’s, KFC, Wendy’s, Starbucks, and Dunkin’.
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.