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

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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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