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
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

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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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