3528 Two Mile House Rd.
Office
for Sale
| Catylist Listing ID: |
30829144 |
| Property Subtypes: |
Office Building
|
| Condo? |
Yes |
| Building Size (RSF): |
5,700 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
3.37 Acres
|
| Sale Price: |
$1,050,000 |
| Property Use Type: |
Net Leased Investment (NNN), Investment |
| Building Name: |
Woodridge Center |
| Class of Space: |
Class B |
| Usable Size (USF): |
5,700 SF |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
6.24% |
| Average Occupancy Rate: |
100 |
| Last Updated: |
9/20/2023 |
Overview / Comments
|
This space has just started with a new Tenant on December 1st, 2022 and is for 7 years and 4 months. The lease starts at $11.50/sq.ft./yr +NNN and then has annual increases which will end on year 7 with $17.50/ square foot/ year plus NNN charges. The building was remodeled in 2019 and is being remodeled again in December of 2022 and January of 2023. This is an excellent opportunity.
|
Current Tenants
| Tenant Business Name |
Reach Columbus, Inc |
| Is Renting? |
Yes |
| SF of Space Occupied |
5,700 SF |
| Lease Expiration |
3/2030 |
| Escalations |
Yes, annually |
| Options |
one option for 5 years |
Additional Details
| Nearest MSA: |
Columbus |
| County: |
Bartholomew |
| Taxing Authority: |
Bartholomew |
| Tax ID/APN: |
03-95-27-220-000.100-005 |
| Is Condo?: |
Yes |
| Zoning: |
COMMERCIAL STRIP CONDOMINIUM |
| Property Located Between: |
SR 46- & Two-Mile House Rd. |
| Property Visibility: |
Excellent |
| Airports: |
Bakalar |
| Site Description: |
This space has just started with a new Tenant on December 1st, 2022 and is for 7 years and 4 months. The lease has annual increases which will end on year 7 with $17.50/ square foot/ year plus NNN charges. The building was remodeled in 2019 and is being remodeled again in December of 2022 and January of 2023. This is an excellent opportunity. |
| Area Description: |
Excellent location surrounded by several national and regional companies. |
| Number of Stories: |
1 |
| Year Built: |
1985 |
| Year Renovated: |
2023 |
| Roof Type: |
Other |
| Construction/Siding: |
Block |
| Parking Type: |
Surface |
| Sprinklers: |
Wet |
| Heat Type: |
Natural Gas |
| Heat Source: |
Central |
| Air Conditioning: |
Engineered System, Package Unit |
| Internet Access: |
Cable, Fiber Optic |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Land Ownership: |
owned |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
15,751 |
48,509 |
| Median Age: |
38.48 |
38.51 |
| Households: |
6,391 |
19,217 |
|
© Copyright 2001-2023 Moody's. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither Indiana Commercial Board of REALTORS® nor
Moody's assume any liability for errors or omissions.
|
