2007 N Walnut St - Office FOR SALE


Hartford City, IN 47348
$694,000 USD
317-218-5316
2007 N Walnut St, Hartford City, IN for Sale
$694,000 USD
Office - FOR SALE
1/13
null | 7.99% Cap Rate

2007 N Walnut St
Hartford City, IN 47348


HIGHLIGHTS

  • 100% Occupied by Indiana Bureau of Motor Vehicles (BMV) and Division of Family Resources (DFR)
  • Hartford City is the county seat of Blackford County and serves as the primary commercial and governmental hub for the surrounding rural communities
  • ndiana maintains BMV branches and DFR offices in each county, offering an incoming investor a high renewal probability
  • N Walnut Street is the main north and south corridor in Hartford City and is filled with local, regional and national retailers

OVERVIEW

The Klink Group of Marcus & Millichap is pleased to present the opportunity to acquire a 100% occupied government-leased building in Hartford City, Indiana, anchored by two essential State of Indiana agencies: the Bureau of Motor Vehicles (BMV) and the Division of Family Resources (DFR). Backed by the credit of the State, the property delivers stable, recession-resistant income driven by non-discretionary services that are required to be accessible within each county. Offered at an attractive price point, the asset provides a compelling combination of yield and security. Additionally, the property benefits from no real estate tax exposure, as taxes are either reimbursed or abated for state-leased properties, enhancing net operating income and reducing landlord expenses.

FOR SALE DETAILS

PRICE

$694,000 USD

PRICE/SF

$122 USD /SF

CAP RATE

7.99%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

State of Indiana Government Building

PROPERTY TYPE

Office

ADD'L SUBTYPES

Freestanding, Storefront, Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

58

LAND DETAILS

LAND ACRES

1.45 AC

LAND SF

63,162 SF

ZONING

ZO01

APN/PARCEL ID

05-03-03-400-018-002-006

ASK ABOUT THIS PROPERTY

Jordan KlinkMarcus & MillichapMore Info
317-218-5316

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Jordan KlinkMarcus & MillichapMore Info
317-218-5316

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