1920 E McKinley Hwy - Office FOR SALE


Mishawaka, IN 46545
$4,390,000 USD
312-269-0220
1920 E McKinley Hwy, Mishawaka, IN for Sale
$4,390,000 USD
Office - FOR SALE
1/3
null | 7.35% Cap Rate

1920 E McKinley Hwy
Mishawaka, IN 46545


OVERVIEW

Billion Dollar Autism Therapy Market The global autism disorder therapeutics market size is estimated to be valued at $2.4 billion in 2025 and is projected to reach $3.8 billion by 2032 Ideal Demographics Asset is located within a dense and middle-class area with over 146,673 residents and an average household income of $88,700 within a 5-mile radius of the site Re-adaptive Use The tenant has built out the property to provide specialized therapy for children with autism. This build-out provides basic individual therapy rooms and rooms to congregate both of which can be modified for a variety of general office or medical use Neighboring National Retail Tenants Surrounded by tenants such as; Walgreens, Planet Fitness, Kroger, Dollar General, Starbucks, Burger King, Smoothie King, Jimmy John’s, and more Long Term Net-Leases The site features a brand-new guaranteed net-lease with over 11.5 years remaining and (2) 5-year options with 2.5% annual increases throughout the initial term and option periods Rapidly Expanding Tenant UNIFI Autism Care is a regionally based tenant that has partnered with IU-Health to handle their behavioral provider needs, UNIFI plans to expand into multiple states and is focusing on additional strategic third-party hospital partnerships

FOR SALE DETAILS

PRICE

$4,390,000 USD

PRICE/SF

$218 USD /SF

CAP RATE

7.35%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.34 AC

LAND SF

58,370 SF

ZONING

I-1 Light Industrial

APN/PARCEL ID

71-09-02-377-005.000-022

ASK ABOUT THIS PROPERTY

Chad FirselQuantum Real Estate Advisors, IncMore Info
312-269-0220

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Chad FirselQuantum Real Estate Advisors, IncMore Info
312-269-0220

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