Catylist ID:
#30797951
| Catylist Listing ID: | 30797951 |
| Property Subtypes: | Medical, Office Building |
| Building Size (RSF): | 8,900 SF |
| Gross Land Area: | 0.71 Acres |
| Sale Price: | $1,000,000 |
| Unit Price: | $112.36 PSF |
| Property Use Type: | Net Leased Investment (NNN), Investment |
| Class of Space: | Class A |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Average Occupancy Rate: | 100 |
| Last Updated: | 12/4/2023 |
Overview / Comments
|
A well-established medical office that is currently operating as Deaconess Clinic - Wyntree. The property offers a parking area with one entrance on Wyntree Dr, which is a short distance from Highway 66 and Highway 261. The main level consists of the front lobby, reception/filing with a central billing office, three offices, nine exam rooms, a nurses station, two-two fixture restrooms, and closets. The lower level includes a +/- 1800 SF retail unit currently leased. The remaining +/- 2650 SF consists of a doctor's lounge, staff kitchen, staff restrooms (four-fixture including shower), two-fixture restroom off the shared open hallway, closet, and +/- 1100 SF unfinished storage. Rectangular-shaped lot containing approx. 100' x 310' and containing .71 acres or +/- 31000 SF with frontage and access to Wyntree Dr. New Roof 2020 New HVAC 2019 & 2021 |
Attachments & Media
Financials
| Finance Data Year | 2022 |
|---|---|
| Real Estate Taxes - Annual($) | $13,940 (Annual) |
| Gross Operating Income | $74,945 (Annual) |
| Net Operating Income | $66,890 (Annual) |
| Actual or Proforma Year | Actual |
Additional Details
| Nearest MSA: | Evansville |
| County: | Warrick |
| Taxing Authority: | Warrick County |
| Tax ID/APN: | 87-12-27-215-001.000-019 |
| Zoning: | C-4 |
| Property Visibility: | Good |
| Highway Access: | Highway 66 to the north. Highway 261 to the east. |
| Airports: | Evansville Regional Airport |
| Site Description: | Rectangluar-shaped lot containing approx. 100' x 310' and containing .71 acres or +/- 31000 SF with frontage and access to Wyntree Dr. |
| Area Description: | Growing commercial area on the north side of Newburgh along Highway 66 bordered by Highway 261 to the east and I-69 to the west. This area is the main commercial strip for Newburgh and contains a high concentration of fast food restaurants, shopping, retail, and office space. Over the past 10-15 years, there has been much construction in the area, including banks, medical clinics, and a multi-screen theatre/entertainment center. |
| Total Number of Buildings: | 1 |
| Number of Stories: | 1 |
| Typical SF / Floor: | 4,442 SF |
| Year Built: | 2002 |
| Roof Type: | Flat |
| Construction/Siding: | Brick |
| Parking Type: | Surface |
| Total Parking Spaces: | 34 |
| Sprinklers: | None |
| Heat Type: | Electricity |
| Heat Source: | Central |
| Air Conditioning: | Other |
| Internet Access: | Cable |
| Interior Description: | The main level consists of the front lobby, reception/filing with a central billing office, three offices, nine exam rooms, a nurses station, two-two fixture restrooms, and closets. The lower level includes a +/- 1800 SF retail unit currently leased. The remaining +/- 2650 SF consists of a doctor's lounge, staff kitchen, staff restrooms (four-fixture including shower), two-fixture restroom off the shared open hallway, closet, and +/- 1100 SF unfinished storage. |
| Zoning Description: | C-4 general commercial district. Intended primarily for the distribution of goods and the furnishing of major services. |
| Lot Frontage: | 110 |
| Lot Depth: | 310 |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Legal Description: | Lot 6A Minor Sub of Lot 6 in High Pointe Centre Sec E No 2 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 6,581 | 31,855 | 58,255 |
| Median Age: | 39.5 | 38.97 | 39.52 |
| Households: | 2,433 | 11,835 | 23,823 |
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