Office Property Portfolio For Sale
Office
for Sale
| Catylist Listing ID: |
30782395 |
| Property Subtypes: |
Office Building
|
| Building Size (RSF): |
10,500 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
3.37 Acres
|
| Sale Price: |
$1,500,000 |
| Unit Price: |
$142.86 PSF |
| Property Use Type: |
Investment |
| Building Name: |
3520 & 3528 Two MIle House |
| Class of Space: |
Class B |
| Usable Size (USF): |
10,500 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Average Occupancy Rate: |
100 |
| Last Updated: |
6/27/2022 |
Overview / Comments
This investment has two assets. Both are part of a condominium property.
3520 Two Mile House Road has just signed a new three year lease with Groups Recover Together started August 1, 2021. It is a modified gross lease for $42,000 annually. This space consist of 3700 square feet and is being remodeled by the Tenant. The Tenant has two options to renew.
3528 Two Mile House Road has a three year lease with Birlasoft a Multinational Information Technology services provider that began May 1, 2019 and was freshly remodeled then. It consist of 5700 square feet and is a NNN lease. The base rent is $8.95/sq. ft. / year and the NNN charges are an additional $4/sq. ft. /year. for a GOI of $79515.00.
Both properties are in good condition with excellent Tenants. Again one lease is NNN and the other is modified gross.
|
Additional Details
| Nearest MSA: |
Columbus |
| County: |
Bartholomew |
| Taxing Authority: |
Bartholomew |
| Tax ID/APN: |
03-95-27-220-000.100-005 |
| Zoning: |
COMMERCIAL STRIP CONDOMINIUM |
| Property Located Between: |
SR 46- & Two-Mile House Rd. |
| Property Visibility: |
Excellent |
| Highway Access: |
Sr. 46, I-65 Exit 68 |
| Airports: |
Bakalar |
| Site Description: |
This investment has two assets. Both are part of a condominium property.
3520 Two Mile House Road has just signed a new three year lease with Groups Recover Together started August 1, 2021. It is a modified gross lease for $42,000 annually. This space consist of 3700 square feet and is being remodeled by the Tenant. The Tenant has two options to renew.
3528 Two Mile House Road has a three year lease with Birlasoft a Multinational Information Technology services provider that began May 1, 2019 and was freshly remodeled then. It consist of 5700 square feet and is a NNN lease. The base rent is $8.95/sq. ft. / year and the NNN charges are an additional $4/sq. ft. /year. for a GOI of $79515.00.
Both properties are in excellent condition with excellent Tenants. Again one lease is NNN and the other is modified gross. |
| Area Description: |
Excellent location in a high traffic area
Surrounded by several National Companies and Medical offices as well
good condition and well maintained.
Near I-65 exit 68 |
| Number of Stories: |
1 |
| Roof Type: |
Hip |
| Construction/Siding: |
Block |
| Parking Type: |
Surface |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central |
| Air Conditioning: |
Package Unit |
| Internet Access: |
Cable, DSL, Fiber Optic |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Land Ownership: |
owned |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
15,751 |
48,509 |
| Median Age: |
38.48 |
38.51 |
| Households: |
6,391 |
19,217 |
|
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