2513 2Nd St, Marion, IN 46952

11,400 SF | 100% Leased | Office Building | Marion, IN 46952 | $1,191,674 ($105/SF) | 9.50% Cap Rate

Asking Price $1,191,674

Property Type: Office
Square Feet: 11,400 SF
Price / Square Foot: $105

Listing Contacts

Kyle Mackulak

Property Overview

Matthews Real Estate Investment Services is pleased to bring to market the opportunity to acquire the freestanding property located at 2513 W 2nd St, Marion, IN 46952. The tenant, Hopebridge Autism Therapy Center, is one of the largest providers of autism therapy in the country. Autism therapy is a growing billion-dollar market in the healthcare field, and the state of Indiana recently increased the reimbursements paid by Medicaid for ABA autism therapy by 24%. The tenant has shown their commitment to this location by recently executing a 5-year lease extension. Please reach out to our team if you have any interest in acquiring this well-situated investment property.
Kyle Matthews
License No. RC52200195 (IN)
(866) 889-0550
Matthews Real Estate Investment Services
1600 West End Ave.,
Suite 1500 Nashville, TN 37203

Property Details

Class: B
Year Built: 1993
Stories: 1
Property Subtype: Medical
Lot Size (sq. ft): 41,382 SF

Highlights

Sticky Tenancy – Autism Therapy practices rarely relocate due to difficulty retaining the same patients in a new location, and the high cost of moving
Billion Dollar Market for Autism Therapy – The global autism spectrum disorder therapeutics market size was valued at $1.93 Billion in 2022.
Tenant’s Medicaid Reimbursements Increased – In October of 2023 state regulators increased the Medicaid reimbursement rate by 24% to $68.24 per hour.

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