Greenwood, IN

Value-Add Multi-Tenant Medical Office Building

555 E. County Line Road | Greenwood, IN

  • Property Type

    Multi-Tenant Medical Office Building

  • Size

    57,000 Square Feet

  • Key Tenants

    Community Health Network, Goodman Campbell Brain and Spine

  • Date Acquired

    April 2023


THE ASSET

  • 57,000 SF stabilized multi-tenant medical office building anchored by Community Health’s Brain & Spine Center and Ortho & Sports Medicine practice, which are a part of the Community Health Network, one of the nation’s leading healthcare providers. CHS affiliates operate 78 acute-care hospitals and more than 1,000 other sites of care, including physician practices, urgent care centers, freestanding emergency departments, occupational medicine clinics, imaging centers, cancer centers and ambulatory surgery centers. The building is also anchored by Goodman Campbell Brain & Spine, one of the largest and most progressive neurosurgical practices in North America.

THE OPPORTUNITY

  • Acquire a multi-tenant medical office property in an incredibly tight sub-market where new supply is cost prohibitive. We now control over 156,000 square feet of medical space in the Greenwood market, giving us a unique market advantage on lease-up strategy due to existing presence.
  • Create value through new lease-ups and extensions and sophisticated property/asset management.

THE RESULT

  • Currently executing our business plan for the asset, including maintaining & improving the asset with several capital projects including upgrades to the building systems, roof, common areas, exteriors, and landscaping.