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8758 IN-9 13,134 SF 100% Leased Flex Building Pendleton, IN 46064 $1,186,392 CAD ($90.33 CAD/SF) 4.91% Cap Rate
INVESTMENT HIGHLIGHTS
- Multi tenant investment property
- Room for further expansion/additional buildings for value add
- Opportunity for owner occupancy in vacant house
EXECUTIVE SUMMARY
Exceptional multi-building, multi-tenant, commercial property for sale in Pendleton, Indiana sitting on +/-4.12 acres. This versatile 7 unit, multi-tenant property offers the savvy investor with ample space for multiple businesses/tenants or for further expansion if desired for value add strategy. Investors will simultaneously enjoy a steady stream of long term tenant cash flow and the opportunity to diversify an investment portfolio. Owner/operators will also enjoy the opportunity to set up an office in a solid brick farm house built in 1916, which has immaculate wooden inlays and custom carpentry. The house is another opportunity to provide a tenant an amazing office space and generate more income. Each building is suited to accommodate various tenants, making it a highly desirable property for income generation and long-term investment. With its strategic location just 6 minutes from I-69 Exit 219 and 13 minutes from I-70 Exit 104 it offers unparalleled access between two very busy interstate corridors. With over 6,100 vehicles passing by per day passing this property also offers high visibility and easy access for businesses and customers alike. Pendleton is a growing and vibrant community with a strong local economy, complemented by its proximity to Indianapolis and Greenfield. Being centrally located to Greenfield, Muncie, Anderson, and Indianapolis allows this property to be is ideally positioned to serve Central Indiana's growing commercial needs. Each of 7 units are attached to municipal utilities. Current occupancy is a cap rate of 4.4%, but by filling the vacant units, pro forma improves to 8.7%. Don't miss your chance to own this versatile, strategically located commercial property!
PROPERTY FACTS
| Price | $1,186,392 CAD | Building Class | B |
| Price Per SF | $90.33 CAD | Lot Size | 4.13 AC |
| Sale Type | Investment or Owner User | Rentable Building Area | 13,134 SF |
| Cap Rate | 4.91% | No. Stories | 2 |
| Property Type | Flex | Year Built | 1900 |
| Property Subtype | Light Manufacturing | ||
| Zoning | GB - The General Business District (GB) is intended to provide areas suitable for a variety of businesses adequately served by public utilities. | ||
| Price | $1,186,392 CAD |
| Price Per SF | $90.33 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 4.91% |
| Property Type | Flex |
| Property Subtype | Light Manufacturing |
| Building Class | B |
| Lot Size | 4.13 AC |
| Rentable Building Area | 13,134 SF |
| No. Stories | 2 |
| Year Built | 1900 |
| Zoning | GB - The General Business District (GB) is intended to provide areas suitable for a variety of businesses adequately served by public utilities. |
AMENITIES
- 24 Hour Access
- Yard
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8758 IN-9
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