Office Investment - Bloomington, IN

Office for Sale
Catylist Listing ID: 30681681
Property Subtypes: Business Park, Executive Suites, Governmental, High-Tech, Institutional, Medical, Mixed Use, Flex Space, Net Leased, Office Building, Research & Development, Other
Building Size (RSF): 12,000 SF
Gross Land Area: 0.72 Acres
Sale Price: $1,068,773
Unit Price: $89.06 PSF
Ceiling: 20 ft.
Property Use Type: Investment, Vacant/Owner-User
Building Name: Westbury Village 3110
Class of Space: Class B
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 9/20/2023

Overview / Comments

Fully leased two story office building with warehouse. Main level is set up with 10 private offices all with natural light, reception/waiting area, public restroom, and kitchenette. Lower level has several private rooms and large open area perfect for cubicles, storage, and allows for space for group meetings. Warehouse section has a tall ceiling and overhead door, allowing for tall stacking and driving in a box truck. Leases run through mid 2023. Excellent multi-tenant investment.

Additional Details

Nearest MSA: Bloomington
County: Monroe
Tax ID/APN: 53-05-20-300-039.001-004
Zoning: GENERAL BUSINESS
Property Visibility: Excellent
Highway Access: HW 37/ I 69
Airports: Monroe County/Indianapolis
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1973
Year Renovated: 2014
Roof Type: Hip
Construction/Siding: Stone, Wood Frame, Wood Siding
Exterior Description: Block, metal, Wood
Parking Type: Surface
Parking Description: Ample parking around the building
Total Parking Spaces: 30
Sprinklers: Dry
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: General Business
Lot Frontage: 75
Lot Depth: 200
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Legal Description: 012-06940-00 Westbury Village Lot 2

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,865 61,303 109,592
Median Age: 29.8 27.87 30.42
Households: 1,749 21,527 43,466
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