Medical Office Investment / #2372

Office for Sale
Catylist Listing ID: 30766151
Property Subtypes: Medical
Building Size (RSF): 7,954 SF
Gross Building Area: See Agent
Gross Land Area: 0.87 Acres
Sale Price: $1,300,000
Unit Price: $163.44 PSF
Property Use Type: Investment
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/19/2021

Overview / Comments

Great Medical Investment opportunity on the eastside of Evansville. Long standing tenant with 3 years left on current lease and (2) additional 5 year renewal options. Property improvements have taken place throughout current tenants lease from 2004-present.

Neighboring Tenants include: Pearle Vision, ETFCU, Lowes, YMCA, Bandana's, Culver's, ALDI, Casey's

Financials are available with signed CA.

Attachments & Media

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $22,863 (Annual)
Net Operating Income $90,061 (Annual)

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Tax ID/APN: 82-07-18-011-232.023-027
Zoning: M-2
Property Located Between: E. Morgan Ave, N. Burkhardt Rd. & Cross Pointe Blvd.
Property Visibility: Excellent
Highway Access: I-69
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 2000
Parking Type: Surface
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: 4,832 50,911 134,976
Median Age: 40.67 39.82 38.04
Households: 2,722 22,867 55,903
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