February 7, 2023 – Mark MacDonald of Horvath & Tremblay has successfully completed the sale of the Center Centre, a 51,743 square foot shopping center in Warsaw, Indiana. Horvath & Tremblay exclusively represented the seller in this transaction at a sale price of $2,000,000.
The Center Centre is located at 3115-3167 E Center Street in Warsaw, Indiana. The Property contains 51,743 square feet on a large 9.55-acre parcel of land. The Center Centre contains twenty-seven (27) suites and is 39.82% leased to thirteen (13) tenants. The Center Centre is home to a complimentary mix of local tenants offering products and services for the surrounding community. The Center Centre benefits from a diverse mix of local tenants that provide a variety of goods and services to the surrounding community. The Property offers a new owner the potential to significantly increase income by filling out the remaining vacancies and bringing some of the in-place rents to market rates upon lease renewals. The Center Centre is situated at the signalized intersection of E Center Street and Lake City Highway (US Highway 30), one of the area’s primary commercial and commuter corridors. The property enjoys outstanding frontage and visibility and benefits from two points of access. The US Highway 30 corridor is part of a dense commercial area with major shopping and retail centers lining both sides of the highway as it traverses Warsaw. The Center Centre’s location offers direct access to a large concentration of national retailers, dining, service amenities and medical facilities. Warsaw is located in north-central Indiana between Fort Wayne and South Bend.
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.