Edison Lake Medical Center
Edison Lake Medical Center
Mishawaka, IN
Property Highlights:
Edison Lake Medical Center is comprised of 10 medical office condominiums totaling ±49,536 square feet. The property sits adjacent to St. Joseph Regional Medical Center Hospital and Unity Medical & Surgical Hospital in Mishawaka, IN. It has a great mix of regional, national, and international medical tenants. The 20% vacancy available for us to lease and the potential for rent increases on current tenants makes this asset a great value-add deal. Purchased at an 8.6 cap rate, we expect the asset to grow into a double-digit cap rate investment.
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