Sale Leaseback 869108
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Listing was updated on: 04/24/2022
Price: 6750000.00
location icon 8840 Calumet Ave Ste 203, Munster, IN 46321, USA
Office for Sale
from 15 Dec 2021

LocationLocated just at the hard corner of Fisher St. & Calumet Ave in Munster, IN. Munster is a town located in North Township in Lake County, Indiana. This bedroom community lies in the Chicago metropolitan area, approximately 30 miles southeast of the Chicago Loop. The town is home to many different local, regional and national companies which include: The Times of Northwest Indiana newspaper, PepsiCo bottling, Whole Foods distribution, Community Hospital and many others. Community Hospital is a 458-bed hospital which has a medical staff of more than 600 physicians located directly across the street from the property. The hospital has been awarded many different national accreditations and recognitions for the quality of care and is consistently ranked in the top 50 Hospitals in the United States.SaleThe 31,587 square foot brick building was built in 2006 by the doctors who are the major tenants of the 100% occupied building. The major tenants are all signing new 10-year leases with 3% annual escalations at closing. The building ownership is currently a condominium with 4-owners. Three of the four owners are part of the sale. Suite 203, a 2,130 SF medical office is not a part of the sale.

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