Medical/Office Investment Property

4010 Goeller Blvd, 5a1ed9389318eb55befb50d7, Indiana 47201

  • Property Subtypes Medical
  • Building Size (RSF) 6,975 SF
  • Gross Building Area 6,975 SF
  • Building Name Wood Crest Medical Plaza
  • Building Status Existing
  • Sale Price $1,100,000.00 Total
  • Unit Price $157.71 per SF
  • Property Use Type Investment
  • Class of Space Class A
  • Total Land Size 0.83 Acres
  • Sale Terms Cash to SellerOwner Financing
  • Cap Rate Undisclosed
  • Last Updated 9/9/2019
  • Days on Market 356 Days
  • Status active

Overview / Comments

Investment property for sale. The property is zoned Medical/Office and is part of a PUD. The investment consist of one buildings with a total of 6975 square feet of rentable space with a total of 2 tenants and is 100% leased. 4010 Goeller Blvd. has 6975 rented square feet and two tenants. Both of which are medical offices. This building also has a full basement as well. This building is in excellent condition with no deferred maintainance. This would be an excellent opportunity for a 1031.

Financials

  • Finance Data Year 2018
  • Real Estate Taxes - Annual($) 18,945.96
  • Net Operating Income $63,700
  • Actual or Proforma Year Actual

Additional Details

  • Tax ID/APN 03-95-28-110-000.102-005
  • Zoning P.U.D. Medical/Office
  • Property Visibility Good
  • Total Number of Buildings 1
  • Number of Stories 1
  • Year Built 1998
  • Year Renovated 2015
  • Tax Auth Bartholomew County
  • Land Ownership owned
  • Zoning Description Medical/Office and is part of a PUD

Current Tenants

  • Tenant Business Name Neuro Health
  • Space Occupied 5,800
  • Current Rent $9
  • Lease Expiration 12/2021
  • Escalations
    $1200 per year
  • Options
    yes
  • Tenant Business Name IU Health/NTN
  • Space Occupied 2,437
  • Current Rent $15
  • Lease Expiration 12/2020
  • Escalations
    Price increases annually
  • Options
    yes

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