2 Tenant Medical Investment Office FOR SALE


Warsaw, IN
$1,450,000 USD
317-269-1089
, Warsaw, IN for Sale
$1,450,000 USD
Office - FOR SALE
1/5
null | 8.37% Cap Rate

2 Tenant Medical Investment
Warsaw, IN


OVERVIEW

The property benefits significantly from its location in Warsaw, recognized as the "Orthopedic Capital of the World," and is home to major industry players such as Zimmer Biomet, DePuy Synthes, and OrthoPediatrics. The subject property boasts 100% occupancy with two established tenants, Tri-State Optical and CleanSlate Medical. Both tenants have an attractive occupancy history and their current leases extend through 2029, providing stable income. They pay an average rent of $15.10 per square foot and are responsible for reimbursing all operating expenses. Further enhancing the long-term value, both Tri-State Optical and CleanSlate Medical have a five-year option to renew their leases, which includes annually increasing rents.

ASK ABOUT THIS PROPERTY

Kevin BroderickCBRE, Inc.More Info
317-269-1089

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Kevin BroderickCBRE, Inc.More Info
317-269-1089

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