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Newburgh Medical/Office Space 4311 Old Indiana 261 14,614 SF 100% Leased Office Building Newburgh, IN 47630 $4,342,727 CAD ($297.16 CAD/SF) 6.90% Cap Rate
Investment Highlights
- Landscaped suburban setting
- Purpose built for medical and healthcare services
- Professional property management
Executive Summary
SVN | The Martin Group is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a two-tenant, medical center investment property located in Newburgh, Indiana (Evansville MSA). The property is divided into two suites with DaVita Dialysis currently occupying approximately 9,672 SF of the 12,172 SF leasable area. The other space is occupied by a complimentary wellness center. The WALT is 5.05 with both tenants possessing multiple five-year renewal options. The lease features annual 3% rental increases. Founded in 1994, DaVita Dialysis is one of the largest providers of kidney care in the U.S. and has been a leader in clinical quality and innovation for more than two decades.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
14,614 SF
Building Class
B
Year Built
1977
Price
$4,342,727 CAD
Price Per SF
$297.16 CAD
Cap Rate
6.90%
NOI
$299,648 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
12,208 SF
Building FAR
0.11
Lot Size
3.10 AC
Parking
100 Spaces (8 Spaces per 1,000 SF Leased)
Amenities
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
DaVita was established in 1992 and has become a major provider of kidney dialysis services. The company operates thousands of outpatient dialysis centers globally. Services include in-center hemodialysis, peritoneal dialysis, and home dialysis options. DaVita also provides integrated kidney care programs and clinical research services. The company serves hundreds of thousands of patients annually through its network of facilities in the United States and multiple other countries.
- Patricia A. & Timothy A. Haire
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Patricia A. & Timothy A. Haire | Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
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Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 87-12-26-102-003.000-019 | Improvements Assessment | $682,231 CAD |
| Land Assessment | $713,122 CAD | Total Assessment | $1,395,352 CAD |
Property Taxes
Parcel Number
87-12-26-102-003.000-019
Land Assessment
$713,122 CAD
Improvements Assessment
$682,231 CAD
Total Assessment
$1,395,352 CAD
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Newburgh Medical/Office Space | 4311 Old Indiana 261
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