N SR37/I69 Office Bldg

2599 Fountain Drive, Bloomington, Indiana 47404

  • Property Subtypes Office Building
  • Building Size (RSF) 29,900 SF
  • Gross Building Area 29,900 SF
  • Building Status Existing
  • Sale Price $1,399,000.00 Total
  • Unit Price $46.79 per SF
  • Property Use Type Investment
  • Class of Space Class A
  • Total Land Size 2.1 Acres
  • Sale Terms Cash to Seller
  • Cap Rate Undisclosed
  • Last Updated 7/31/2020
  • Days on Market 2164 Days
  • Status active

Overview / Comments

29,900 sf building on 2.12 ac is partially leased and available for investors or USERS to purchase. Main level Class A office space of approximately 15,000 has 3 tenants and 2,700 is vacant. Lower level flex space of approximately 15,000 has 2 tenants. The improved lot with the building is 1.59ac and the parking lot is .53ac; both are included in the sale price. User can occupy office space and collect income from other tenants. Great visibility from Interstate 69. Contact listing agent for Confidentiality Agreement and upon execution Lease and expense information shall be made available.

Agent Notes

2.5% coop fee

Financials

  • Finance Data Year 2017
  • Real Estate Taxes - Annual($) 20,184
  • Potential Rental Income $188,940
  • Actual or Proforma Year Actual

Additional Details

  • Tax ID/APN 53-05-31-100-066.000-005
  • Zoning BUSINESS PARK
  • Property Visibility Excellent
  • Total Number of Buildings 1
  • Number of Stories 2
  • Year Built 2000
  • Zoning Description Business Park

Current Tenants

  • Tenant Business Name Bankers Life Insurance
  • Annual Revenue 28800
  • Space Occupied 2,600
  • Current Rent $28,800
  • Tenant Notes
    $2300/month, $100/month common charges
  • Tenant Business Name Lincare, Inc d/b/a Convacare Services
  • Annual Revenue 122136
  • Space Occupied 16,500
  • Tenant Notes
    $10178/month
  • Tenant Business Name Indiana University
  • Annual Revenue 38004
  • Space Occupied 7,310
  • Tenant Notes
    $7310/month