Viking Medical Center Sells Medical Office In Valparaiso Indiana For $15 Million

A medical office building located at 1425 East Glendale Boulevard in Valparaiso, Indiana, has been sold for $15,000,000. The property spans 43,500 square feet, translating to a price per square foot of $345. The asset was originally intended to function as a dialysis center but was ultimately completed by Viking Medical Center after the prior tenant defaulted.

Summary of transation details:

• Property Type: Medical Office
• Transaction Amount: $15,000,000
• Address: 1425 East Glendale Boulevard
• Market: Valparaiso, IN
• Square Footage: 43,500
• Price Per Square Foot: $345
• Seller: Viking Medical Center
• Brokerage Firm: McColly Bennett Commercial Advantage
• Broker Representatives: Adriana Gomez & Jeff Bennett

The completion of the property was managed by Hasse Construction, following the prior unfinished state caused by an initial tenant's default. The transaction indicates a successful marketing effort by McColly Bennett Commercial Advantage on behalf of the seller.