Medical Office Investment / #2357
Office
for Sale
Sale Pending
| Catylist Listing ID: |
30676807 |
| Property Subtypes: |
Medical
|
| Status: |
Pending |
| Building Size (RSF): |
10,500 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
0.92 Acres
|
| Sale Price: |
$1,100,000 |
| Unit Price: |
$104.76 PSF |
| Property Use Type: |
Net Leased Investment (NNN), Investment |
| Class of Space: |
Class A |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
6/22/2021 |
Overview / Comments
St. Vincent occupied medical office building located on Rose Hill Rd. in Newburgh, IN. Property is fully leased with AAA tenant (St. Vincent) for 5 years. Lease renewal started 1/1/2021. Current lease will run through 12/31/2025, with additional 5 year options to renew. This property has ample parking as well as additional land to expand. Rent income is $125,230/annually on a gross lease. 2% annual increases.
- Contact listing agent for more details or to show the property.
|
Additional Details
| Nearest MSA: |
Evansville |
| County: |
Warrick |
| Tax ID/APN: |
87-12-34-209-002.000-019; 87-12-34-209-003.000-019 |
| Zoning: |
C-4 |
| Property Visibility: |
Fair |
| Highway Access: |
US 261 |
| Total Number of Buildings: |
1 |
| Number of Stories: |
2 |
| Year Built: |
1988 |
| Construction/Siding: |
Brick/Aluminum Siding |
| Parking Type: |
Surface |
| Parking Description: |
Ample parking spaces |
| Heat Type: |
Electricity |
| Heat Source: |
Central |
| Air Conditioning: |
Package Unit |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
8,736 |
30,567 |
54,948 |
| Median Age: |
37.46 |
38.82 |
39.41 |
| Households: |
3,263 |
11,345 |
22,560 |
|
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The information presented herein is provided as is, without warranty of any kind.
Neither Indiana Commercial Board of REALTORS® nor
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