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2932-2938 Frontage Road 2 Office Properties in Warsaw, IN
Executive Summary
The property benefits significantly from its location in Warsaw, recognized as the "Orthopedic Capital of the World," and is home to major industry players such as Zimmer Biomet, DePuy Synthes, and OrthoPediatrics.
The subject property boasts 100% occupancy with two established tenants, Tri-State Optical and CleanSlate Medical. Both tenants have an attractive occupancy history and their current leases extend through 2029, providing stable income. They pay an average rent of $15.10 per square foot and are responsible for reimbursing all operating expenses. Further enhancing the long-term value, both Tri-State Optical and CleanSlate Medical have a five-year option to renew their leases, which includes annually increasing rents.
The subject property boasts 100% occupancy with two established tenants, Tri-State Optical and CleanSlate Medical. Both tenants have an attractive occupancy history and their current leases extend through 2029, providing stable income. They pay an average rent of $15.10 per square foot and are responsible for reimbursing all operating expenses. Further enhancing the long-term value, both Tri-State Optical and CleanSlate Medical have a five-year option to renew their leases, which includes annually increasing rents.
Taxes & Operating Expenses (Actual - 2025) Click Here to Access |
Annual (CAD) |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$99,999
|
| Taxes |
-
|
| Operating Expenses |
-
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 13,007 SF |
| Number of Properties | 2 | Total Land Area | 0.71 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 13,007 SF |
| Total Land Area | 0.71 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 2932-2934 Frontage Rd, Warsaw, IN 46580 | Office | 8,000 SF | 1989 | - |
| 2936-2938 Frontage Rd, Warsaw, IN 46580 | Office | 5,007 SF | 1991 | - |
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2932-2938 Frontage Road
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