Medical Office Investment / #2357
Office
for Sale
Catylist Listing ID: |
30676807 |
Property Subtypes: |
Medical
|
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: |
4/9/2021 |
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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