Share This Listing

Message

965 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

2509 W 2nd St 24,720 SF 100% Leased Office Building Marion, IN 46952 $2,892,346 CAD ($117.00 CAD/SF) 9.25% Cap Rate

Save this listing!

Favourite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • 100% Occupied | Recent Lease to NuNation Church
  • Surrounding Demand Drivers | Across from General Motors Plant
  • Located on Central Highway | High Visibility
  • Recent Capital Improvements | 3rd Party Management In Place

EXECUTIVE SUMMARY

SRS Multi-Tenant Investments is pleased to present the opportunity to acquire the fee simple interest (land & building ownership) in 2509 W 2nd Street, a 24,720 square foot office property comprised of two connected buildings located at 2509-2513 W 2nd St in Marion, Indiana. The property is 100% leased to three tenants: Hopebridge (13,320 SF), Angels of Mercy Homecare (3,790 SF), and Nu Nation Church of Zion (7,610 SF). Hopebridge’s lease runs through October 2028, Angels of Mercy is in place through November 2026 with two remaining five-year renewal options, and Nu Nation recently signed a new five-year lease with 3.0% annual increases and
two additional five-year options. The property also underwent recent capital improvements, including new roofing and a resurfaced parking lot. Additionally, Bradley Company has served as the third-party property manager for more than three years.

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Building Size
24,720 SF
Building Class
B
Year Built/Renovated
1993/1995
Price
$2,892,346 CAD
Price Per SF
$117.00 CAD
Cap Rate
9.25%
NOI
$267,542 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
24,720 SF
Building FAR
0.30
Lot Size
1.90 AC
Zoning
I2 - General Industry
Parking
128 Spaces (5.18 Spaces per 1,000 SF Leased)

AMENITIES

  • Monument Signage

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Health Care and Social Assistance
  • -
  • -
  • Jan 0000

Hopebridge offers a wide range of outpatient services designed to meet the needs of children requiring behavioral diagnosis and applied behavioral analysis (ABA), physical, occupational, feeding, and speech treatments in both home and school settings. They have Indiana clinics in Merrillville, South Bend, Evansville, Kokomo, Marion, Ft. Wayne, Evansville, Richmond, Indianapolis East, Terre Haute and Greenwood. In 2017, Hopebridge entered Kentucky with a Louisville South and Bowling Green location openings and more planned in 2018. Pediatricians and parents across the Midwest trust Hopebridge for its expertise in treating neurological, genetic, sensory processing, and feeding disorders; language delays; and behavioral concerns. Children with special needs require extraordinary, individualized care and Hopebridge’s staff helps families understand their children's difficulties while working to help them realize their potential.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Health Care and Social Assistance - - Jan 0000

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
27-06-02-400-016.001-008
Land Assessment
$60,132 CAD
Improvements Assessment
$469,423 CAD
Total Assessment
$529,555 CAD
  • Listing ID: 36757250

  • Date on Market: 2025-07-16

  • Last Updated:

  • Address: 2509 W 2nd St, Marion, IN 46952

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}