Valparaiso Marketplace | Two Multi-Tenant Strip Centers

2410 - 2620 LaPorte Avenue, Valparaiso, IN

$17,190,000

Price

7.5%

Cap Rate

$1,289,103

NOI

Overview
Cap Rate
7.5%
NOI
$1,289,103
Combined Building Size
55,372 sqft
Combined Lot Area
8.08 acres
Occupancy
89.2%
Year Built
2002 & 2003
Zoning
CG - Commercial, General District
Combined Parking Spots
353
Roof
Flat with a rubber membrane covering
HVAC
Roof-mounted, forced-air HVAC systems for each individual retail area
Floor
Commercial grade tile and carpe
Description

Qualified investors are extended the opportunity to acquire a 100% fee interest in Valparaiso Market Place, consisting of two multi-tenant strip centers with a total of 55,372 square feet, in Valparaiso, Indiana. The center is located at the southeast corner of Silhavy Road and Laporte Avenue, approximately one mile north of the intersection of US 30 and Van Ness Highway (Indiana Highway 49) on the east side of Valparaiso. Valparaiso is located in northwest Indiana and approximately 45 miles southeast of Chicago. The city is considered a part of the Chicago Metropolitan Statistical Area.

Valparaiso Market Place is being offered with a $17,190,000 asking price (7.5% cap rate), on an “as is” basis with Ownership making no representations or warranties with respect to the accuracy or completeness of the Offering Memorandum or any and documents delivered to an acquisition prospect for the purpose of performing due diligence.

Highlights
  • National Tenancy With Long Term Operating History
  • Positive Leasing Momentum
  • Retail Center of Gravity With High Barriers to Entry
  • Expansive Geographical Draw With an Affluent Growing Trade Area
Documents
Title
Offering Memorandum
Confidentiality Agreement
Investment Flyer
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Location
Gallery