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P1 Dental Partners & Dermatology Associates 1212 Professional Blvd 5,608 SF 100% Leased Office Building Evansville, IN 47714 $1,713,633 CAD ($305.57 CAD/SF) 8.50% Cap Rate



INVESTMENT HIGHLIGHTS
- NN+ Leases with Rent Growth: Providing investors predictable, inflation-hedged income and minimal management responsibilities.
- The U.S. dental market is projected to grow from $162B in 2023 to $280B by 2032 (7.4% CAGR).
- The dermatology market is expected to rise from $63B in 2023 to $128B by 2032 (7.3% CAGR).
- Long-Standing Local Dermatology Practice: Dermatology Associates of Evansville has served the Tri-State region for over a decade.
- Defensive Healthcare Tenancy: Anchored by general dentistry and dermatology, two of the most resilient healthcare sectors
- Established, Institutionally Backed Dental Platform: P1 Dental Partners, a leading Midwest DPO, operates more than 60 practices across 5 states.
EXECUTIVE SUMMARY
Broker of Record
Kyle Matthews
License # RC52200195 (IN)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # RC52200195 (IN)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
5,608 SF
Building Class
B
Year Built
1992
Price
$1,713,633 CAD
Price Per SF
$305.57 CAD
Cap Rate
8.50%
NOI
$145,659 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,608 SF
Building FAR
0.15
Lot Size
0.85 AC
Zoning
Commercial - Commercial
Parking
20 Spaces (3.57 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 82-06-35-016-096.015-027 | Improvements Assessment | $362,380 CAD |
| Land Assessment | $160,400 CAD | Total Assessment | $522,780 CAD |
PROPERTY TAXES
Parcel Number
82-06-35-016-096.015-027
Land Assessment
$160,400 CAD
Improvements Assessment
$362,380 CAD
Total Assessment
$522,780 CAD
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P1 Dental Partners & Dermatology Associates | 1212 Professional Blvd
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