1401 N 13th St - Medical FOR SALE


Decatur, IN 46733
$1,250,000 USD
260-704-3283
1401 N 13th St, Decatur, IN for Sale
$1,250,000 USD
Medical - FOR SALE
1/5
null | 7.56% Cap Rate

1401 N 13th St
Decatur, IN 46733


HIGHLIGHTS

  • Single Tenant - Adams Memorial Hospital
  • Highly Visible Location
  • Located on Primary North/South Thoroughfare thru Decatur

OVERVIEW

Single Tenant, fully leased office investment opportunity! This is a beautiful, well-maintained office building with high visibility facing Hwy 27, the main north/south thoroughfare in Decatur, IN. Main level has 9,000 SF and an additional 5,832 SF on the lower level. Building is currently leased with long-term tenant, Adams Memorial Hospital. Annual net income is $94,500 with a 7.56% cap rate. Building is fully air-conditioned with paved parking for 53 vehicles. Property is within easy distance of shopping, restaurants and industrial businesses. Electronic pylon signage on site. FOR MORE INFORMATION ON THIS, AND ALL BND PROPERTIES, PLEASE VISIT OUR WEBSITE AT www.bnd.net.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$84 USD /SF

CAP RATE

7.56%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

53

LAND DETAILS

LAND ACRES

1.33 AC

LAND SF

57,935 SF

ZONING

Business

APN/PARCEL ID

01-02-33-200-017.000-014

ASK ABOUT THIS PROPERTY

David NugentBND Commercial Real EstateMore Info
260-704-3283

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David NugentBND Commercial Real EstateMore Info
260-704-3283

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.