Office Investment - Bloomington, IN

Office for Sale
Catylist Listing ID: 29934599
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): 9,740 SF
Gross Land Area: 0.97 Acres
Sale Price: $955,572
Unit Price: $98.11 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User
Building Name: Westbury Village - 3101
Class of Space: Class B
Usable Size (USF): 9,740 SF
Sale Terms: Cash to Seller
Cap Rate: 7.95%
Last Updated: 5/8/2023

Overview / Comments

Great Investment Property with a solid muti-year Modified Net Lease. The building was completely remodeled before the tenant moved in. The building has 9,740 square foot building and a large parking lot.

Additional Details

Nearest MSA: Bloomington
County: Monroe
Tax ID/APN: 53-05-20-300-039.001-004
Property Visibility: Excellent
Airports: Monroe County/Indianapolis
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 9,960 SF
Year Built: 1977
Year Renovated: 2014
Roof Type: Arched
Construction/Siding: Stone, Wood Frame
Parking Type: Surface
Parking Description: Open Surface Parking at the building
Total Parking Spaces: 30
Sprinklers: Dry
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable, DSL, ISDN, Satellite, T1/T3
Zoning Description: General Business
Lot Frontage: 200
Lot Depth: 211'
Water Service: Municipal
Sewer Type: Municipal
Legal Description: PT SW SW 20-9-1W .97A PLAT 69

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,865 59,019 109,592
Median Age: 29.8 27.47 30.42
Households: 1,749 20,550 43,466
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