1410 University Blvd - Schools FOR SALE


Anderson, IN 46012
$21,576,300 USD
404-923-1381
1410 University Blvd, Anderson, IN for Sale
$21,576,300 USD
Schools - FOR SALE
1/10
null | Request Cap Rate

1410 University Blvd
Anderson, IN 46012


HIGHLIGHTS

  • Brand new 15-year NNN lease executed at closing
  • 2% annual rent increases
  • Located off University Boulevard (5,528 VPD), where it is roughly 5 miles west of Interstate 69 (41,660 VPD)

OVERVIEW

CBRE is pleased to offer for sale the 183,649-square-foot Anderson University campus building situated on 4.19 acres in Anderson, Indiana—a component of the Indianapolis-Carmel-Anderson, IN MSA (Population: 2.17M+). The building is comprised of the Kardatzke Wellness Center (132,000 SF), the O. C. Lewis Gymnasium (37,825 SF), and the Bennett Natatorium (13,824 SF), which serves as a vital hub for student health, fitness, and recreation. At closing Anderson University, Inc. will execute a brand new, 15-year NNN lease with 2% annual rent increases throughout the term and in each of the two 10-year renewal options.

FOR SALE DETAILS

PRICE

$21,576,300 USD

PRICE/SF

$117 USD /SF

CAP RATE

Request Cap Rate

% LEASED

100%

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

183,649 SF Anderson University Building

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Schools

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.19 AC

LAND SF

182,516 SF

ZONING

-

APN/PARCEL ID

48-12-07-103-004.000-003

ASK ABOUT THIS PROPERTY

Will PikeCBRE, Inc.More Info
404-923-1381

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Will PikeCBRE, Inc.More Info
404-923-1381

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