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 $1,500,000.00 Total
  • Unit Price $50.17 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 8/27/2019
  • Status expired

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 10,000 sf has 2 tenants and 4,100 is vacant (2 suites). 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. 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