Jackson Medical and Professional

Office for Sale
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

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

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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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