6111 Harrison Street - 6111 Harrison St, Merrillville, IN 46410

Offering memorandum, floorplans, and financials for this property can be found at wallergroupcapital.com. For direct inquiries, please reach out to Wade Sivess at wade@loganwaller.com.

Waller Group is proud to present the 98.5% occupied, 55,733 SF office building – Merrillville Professional Building. Current ownership recently spent $210,000 replacing 80% of the parking lot with new asphalt, and sealed and striped the parking lot last summer (Summer 2020). Additionally, with a parking ratio of 4.5 / 1,000 SF, there is plenty of parking. At 98.5% leased, 6111 Harrison St offers investors the opportunity to purchase a recently stabilized, remodeled, office building and create additional value through rolling existing tenants to market, parking fees from nearby buildings who are under served, and charging expense recoveries on new leases and rollovers. Additionally, at $80.74 / SF, the property is priced at 72% the Sale Price / SF as similar properties currently on the market. 63.3% of leases come from the Health Care and Social Assistance industry (see page 8 for additional detail). Current ownership is achieving $408,044 in NOI annually. New ownership, based on area rent comps, can bump annual rents by nearly $3.34 / SF. With this bump, current ownership can achieve an annual pro forma NOI of $521,459. Property currently has management staff in place, including a property manager. Current management can be extended to new ownership.