Retail/Flex Investment

535 W Edison Rd, Mishawaka, Indiana 46545

  • Property Subtypes Street Retail
  • Building Size (RSF) 70,959 SF
  • Gross Building Area 70,959 SF
  • Building Name Edison Park Plaza
  • Establishment Name Edison Park Plaza
  • Building Status Existing
  • Sale Price $3,550,000.00 Total
  • Unit Price $50.03 per SF
  • Property Use Type Investment
  • Class of Space N/A
  • Total Land Size 8.17 Acres
  • Sale Terms Cash to Seller
  • Cap Rate 9.25
  • Last Updated 8/20/2019
  • Days on Market 329 Days
  • Status active

Overview / Comments

• Value Add Opportunity -14% Economic Vacancy -Below Market Rents -Scheduled Rent Increases -Convert to NNN Leases • Priced Below Replacement Cost -Only $47 per Square Foot • Adjacent to Bonefish Grill • 173,000+ People within 5 Miles • Strong Traffic Counts • Located Near Many Strong Retailers -Mercedes, Audi, Lexus; Whole Foods; Dick's; Kohl's; Lowe's; Meijer; Burlington Coat Factory • Near University of Notre Dame (1.5 Miles) • Multiple Large Pylon Signs Along Edison Rd

Additional Details

  • Tax ID/APN 71-09-04-126-002.000-022;71-09-04-126-003.000-022;71-09-04-126-004.000-022;71-09-04-126-005.000-022

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