3520 Two Mile House Rd.
Office
for Sale
| Catylist Listing ID: |
30829145 |
| Property Subtypes: |
Office Building
|
| Condo? |
Yes |
| Building Size (RSF): |
3,700 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
3.37 Acres
|
| Sale Price: |
$600,000 |
| Property Use Type: |
Investment |
| Building Name: |
Woodridge Center |
| Class of Space: |
Class B |
| Usable Size (USF): |
3,700 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
6.2% |
| Average Occupancy Rate: |
100 |
| Last Updated: |
9/20/2023 |
Overview / Comments
|
3520 Two Mile House Road has a three-year lease started August 1, 2021. The Tenant is Groups Recover Together. They are on a modified gross lease for $42,000 annually. This space consists of 3700 square feet and was remodeled by the Tenant in 2021. The Tenant has two options to renew. The Tenant is strong with multiple locations in several states. Excellent opportunity.
|
Current Tenants
| Tenant Business Name |
Groups Recover Together |
| SF of Space Occupied |
3,700 SF |
| Current Rent |
$11 PSF (Annual) |
| Lease Expiration |
7/2024 |
Additional Details
| Nearest MSA: |
Columbus |
| County: |
Bartholomew |
| Taxing Authority: |
Bartholomew |
| Tax ID/APN: |
03-95-27-220-000.100-005 |
| Is Condo?: |
Yes |
| Zoning: |
COMMERCIAL STRIP CONDOMINIUM |
| Property Located Between: |
SR 46- & Two-Mile House Rd. |
| Property Visibility: |
Excellent |
| Highway Access: |
SR 46 & I-65 |
| Airports: |
Bakalar |
| Site Description: |
Located in an excellent location with several regional and national companies surrounding the area. |
| Number of Stories: |
1 |
| Year Built: |
1985 |
| Year Renovated: |
2021 |
| Roof Type: |
Other |
| Construction/Siding: |
Block |
| Parking Type: |
Surface |
| Sprinklers: |
Wet |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central |
| Air Conditioning: |
Engineered System, Package Unit |
| Internet Access: |
Cable, Fiber Optic |
| Zoning Description: |
Commercial Condominium Strip |
| 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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The information presented herein is provided as is, without warranty of any kind.
Neither Indiana Commercial Board of REALTORS® nor
Moody's assume any liability for errors or omissions.
|
