Woodridge Center Unit F

3528 Two Mile House Rd., Columbus, Indiana 47201

  • Property Subtypes Governmental , Medical , Office Building , Net Leased
  • Building Size (RSF) 5,700 SF
  • Gross Building Area 5,700 SF
  • Building Name Woodridge Center Unit F
  • Building Status Existing
  • Sale Price $975,000.00 Total
  • Unit Price $171.05 per SF
  • Property Use Type InvestmentNet Leased (NNN)
  • Class of Space Class B
  • Total Land Size 3.37 Acres
  • Sale Terms Cash to Seller
  • Cap Rate Undisclosed
  • Auction Avg Occupancy Rate 100
  • Last Updated 9/9/2019
  • Days on Market 324 Days
  • Status active

Overview / Comments

This space started a new lease June 1, 2019 and is leased for 3 years with an option to renew. It has been occupied for the last 8 years by a State Agency. It was totally built out in 2010 and very well maintained the entire time. It includes 5700 square feet with approximately 8 private offices, a conference room, 3 restrooms, kitchen area, one large open room where cubicles were used.. See floorplan The space is part of a commercial strip center in a very fast growing area of Columbus. It is just a few hundred feet from Exit 68 on I-65 and immediately off of State Road 46. It is surrounded by several national chains including Menards, Sam's Club, Walmart, several national chain restaurants such as Bob Evans, McDonald's, Wendy's, Buffalo Wild Wings, Freddie's, and many more. It is also surrounded by several hotels. This would be an excellent location for office or medical. This property is part of a condominium and includes 5700 square feet and is identified as Unit F from the Woodridge Center. Because this is part of a condominium all the fees are shared for common area maintenance with the other owners of the center on a prorated basis. Based on square footage.

Financials

  • Finance Data Year 2019
  • Net Operating Income $53,100
  • Gross Operating Income $74,100
  • Actual or Proforma Year Actual

Additional Details

  • Tax ID/APN 03-95-27-220-000.100-005
  • Zoning Commercial Strip
  • Property Visibility Excellent
  • Total Number of Buildings 1
  • Number of Stories 1
  • Year Built 1982
  • Year Renovated 2019
  • Site Number F
  • Tax Auth Bartholomew County
  • Land Ownership owned

Current Tenants

  • Tenant Business Name Birlasoft Solutions Inc.
  • Space Occupied 5,700
  • Current Rent $74,100
  • Lease Expiration 05/2022
  • Options
    Two - Three Year options