JLL is pleased to offer 100% ownership interest in a portfolio of 9 medical office buildings with 342,528 rentable square feet in the well-established Midwest communities of Evansville and Kokomo, Indiana. The medical office buildings are 97% occupied offering outstanding alignment with the A+ rated leading regional health system, Deaconess Health System, and a dominant physician provider group collectively occupying 88% of the portfolio. The portfolio boasts new construction and well-maintained properties from years of continuous institutional ownership. The offering is a distinctive opportunity to acquire high-quality on and off-campus outpatient clinics generating substantial annual net operating income with attractive contractual rent growth. The properties are available free and clear of mortgage debt on predominantly a fee simple basis.
Investment Highlights
- 97% occupancy with strategic health system sponsorship and alignment
- Attractive outpatient facilities in desirable locations in Indiana with above average population growth and strong employment trends for healthcare demand
- Scale and quality within each market featuring institutionally managed on and off campus medical office buildings
- Stability of income – majority single tenant leases, limited tenant rollover
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Contact Information
Steve Leathers
Executive Vice President
O +1 212 812 5867
M +1 949 922 4195
steve.leathers@am.jll.com
Mindy Berman
Managing Director
O +1 617 316 6539
M +1 617 899 0657
mindy.berman@am.jll.com
Daniel Turley
Executive Vice President
O +1 617 316 6521
M +1 212 729 9327
daniel.turley@am.jll.com
Brian Bacharach
Executive Vice President
O +1 214 438 6462
M +1 214 476 3511
brian.bacharach@am.jll.com
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