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The Pavillions of Hobart 1403 S Lake Park Ave 857 - 7,224 SF of Space Available in Hobart, IN 46342
HIGHLIGHTS
- The Pavilions of Hobart located on Lake Park Avenue
- Signage available on Lake Park Avenue
- Wide range of tenants currently occupying The Pavilion including Subway, Schoop's, ATI Physical Therapy, St. Mary's Hospital Clinic and more
- Directly across from St. Mary's Medical Center (2,000+ employees & largest regional hospital)
- Aggressive rental rates
- People's Bank and Dunkin' coming soon to The Pavilion's
SPACE AVAILABILITY (5)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 1121 | 1,121 SF | Negotiable | $19.37 CAD/SF/YR $1.61 CAD/SF/MO $21,711 CAD/YR $1,809 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 1413 | 1,440-2,880 SF | Negotiable | $19.37 CAD/SF/YR $1.61 CAD/SF/MO $55,778 CAD/YR $4,648 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 1433 | 1,280 SF | Negotiable | $16.60 CAD/SF/YR $1.38 CAD/SF/MO $21,249 CAD/YR $1,771 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 1453 | 857 SF | Negotiable | $20.75 CAD/SF/YR $1.73 CAD/SF/MO $17,783 CAD/YR $1,482 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 192 | 1,086 SF | Negotiable | $13.83 CAD/SF/YR $1.15 CAD/SF/MO $15,024 CAD/YR $1,252 CAD/MO | Triple Net (NNN) |
1417-1457 S Lake Park Ave - 1st Floor - Ste 1121
- Lease rate does not include utilities, property expenses or building services
- Fits 3 - 9 People
1439 S Lake Park Ave - 1st Floor - Ste 1413
- Lease rate does not include utilities, property expenses or building services
- Fits 4 - 24 People
1417-1457 S Lake Park Ave - 1st Floor - Ste 1433
- Lease rate does not include utilities, property expenses or building services
- Fits 4 - 22 People
1417-1457 S Lake Park Ave - 1st Floor - Ste 1453
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Office
- Fits 3 - 7 People
- Located in-line with other retail
190-194 Bracken Pky - 1st Floor - Ste 192
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Office
- Mostly Open Floor Plan Layout
- Fits 3 - 9 People
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 7,224 SF | Center Properties | 5 |
| Min. Divisible | 857 SF | Gross Leasable Area | 25,584 SF |
| Center Type | Neighborhood Center | Total Land Area | 16.61 AC |
| Parking | 456 Spaces | Year Built | 2001 |
| Total Space Available | 7,224 SF |
| Min. Divisible | 857 SF |
| Center Type | Neighborhood Center |
| Parking | 456 Spaces |
| Center Properties | 5 |
| Gross Leasable Area | 25,584 SF |
| Total Land Area | 16.61 AC |
| Year Built | 2001 |
ABOUT THE PROPERTY
Now leasing The Pavilions of Hobart located on state road 51 in Hobart, IN. This center is strategically located directly across the street from St. Mary's Medical Center with over 2,000 employees and just a few miles east of access to Chicago via I-65. This center has a diverse mix of tenants ranging from retail to office users. With multiple pylon signs at the property and traffic counts near 15,000 VPD on Lake Park Avenue (St. Rd 51) this property offers great exposure for any business. Hobart is a city in Lake County, Indiana, United States. The population was 29,059 at the 2010 census. It has been historically primarily residential, though recent annexation has added a notable retail corridor to the city. Hobart is home to the super-regional Southlake Mall near the intersection of U.S. Route 30 and Interstate 65. and many surrounding retailers and restaurants, although most businesses along the south side of Hobart are required to list their addresses as Merrillville. This area was historically an unincorporated section of Ross Township prior to a 1993 annexation by the city of Hobart and is served by the Merrillville post office.
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The Pavillions of Hobart | 1403 S Lake Park Ave
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