Investment - Westbury Village

Retail-Commercial for Sale
Catylist Listing ID: 29803080
Property Subtypes: Free-Standing Building, Mixed Use, Retail-Pad, Other
Building Size (RSF): 44,460 SF
Gross Land Area: 18.29 Acres
Sale Price: $3,600,000
Unit Price: $80.97 PSF
Ceiling: 16 ft.
Property Use Type: Net Leased Investment (NNN)
Building Name: Westbury Village
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/1/2017

Overview / Comments

Investment Opportunity! 18.29 acres zoned general business. There are 3 buildings fully leased; 3110 N. Canterbury is 12,720 SF ($7.17/SF Rent NNN); 3109 N. Canterbury 9,740 SF ($7.00/SF Rent NNN) and 3106 N. Canterbury is 22,000 SF ($3.00/SF Rent NNN).

The property also includes 13.14 acres of undeveloped ground plus a separate out-lot (0.75 acres) at the front of the property. NOI is $189,185 (See Attachments.

Financials

Finance Data Year 2015
Real Estate Taxes - Annual($) $16,000 (Annual)
Potential Rental Income $225,382 (Annual)
Net Operating Income $189,185 (Annual)
Gross Operating Income $225,382 (Annual)
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: Bloomington
County: Monroe
Tax ID/APN: 53-05-20-300-002.000-004; 53-05-20-300-039.001-004; 53-05-20-30-039.000-004; 53-05-20-300-039.002-004;53-05-20-300-039.005-004;53-05-20-300-039.004-00453-05-20-300-009.000-004
Zoning: GENERAL BUSINESS
Market Type: Medium
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Located Between: Bloomington and Ellettsville
Side of Street: North
Road Type: Paved, Private
Property Visibility: Excellent
Largest Nearby Street: I69
Feet of Frontage: 500
Traffic/Vehicle Count: 50,000
Transportation: Bus, Highway, Airport, Taxi
Highway Access: 446 by pass and I69
Total Number of Buildings: 3
Number of Stories: 1
Typical SF / Floor: 10,000 SF
Property Condition: Excellent
Year Built: 1977
Roof Type: Arched
Construction/Siding: Wood Siding
Total Parking Spaces: 350
Parking Type: Surface
Parking Description: Each Building has a parking plus there is a large parking lot for overflow parking
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable, DSL
Zoning Description: General Business
Legal Description: See Attachment Exhibit A

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,865 59,019 109,592
Median Age: 29.8 27.47 30.42
Households: 1,749 20,550 43,466

Contact

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