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JLL is pleased to present for sale the Hopebridge Terre Haute Medical Office Opportunity. Comprising approximately 10,000 square feet of brand-new medical office space, Hopebridge, LLC, a high-growth private-equity sponsored business operating within the vital healthcare and education sectors, wholly leases the building. The property offers $225,000 in year 1 NOI and ten years of lease term upon the expected lease commencement date of November 1, 2020.
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 have been unable to patronize existing Hopebridge centers in Terre Haute due to capacity restraints.
Investors now have the exceptional opportunity to invest in a high-quality medical office asset, featuring a growing, PE-sponsored behavior health tenant, with an enticing value-add investment profile.
- Outstanding medical tenancy with private equity sponsored credit profile
- Brand-new expansion location necessitated by substantial wait list due to track record of success in Terre Haute market
- Strategically located in a dense medical & retail cluster adjacent to the Terre Haute Regional Hospital
- Defensive medical office investment with appealing net lease fundamentals
- Encouraging tenant growth model with ongoing expansion initiatives