2060 N State Road 1 - Office FOR SALE


Cambridge City, IN 47327
$10,270,000 USD
317-218-5329
2060 N State Road 1, Cambridge City, IN for Sale
$10,270,000 USD
Office - FOR SALE
1/6
null | 6.5% Cap Rate

2060 N State Road 1
Cambridge City, IN 47327


HIGHLIGHTS

  • 2016 Construction with Major 8,800+ Square Foot Expansion in 2020
  • 11 Years Remaining on the Lease
  • Absolute Net Lease
  • Annual Rent Increases
  • Pro Forma Cap Rate: 7.87%
  • Pinnacle Treatment Centers have 135 Locations in 9 States

OVERVIEW

Pinnacle Treatment Centers is a leading provider of comprehensive addiction and substance use disorder treatment services in the United States. Founded in 2006, the organization has grown from a small outpatient provider in Pennsylvania into a large, community-based treatment network serving more than 35,000 patients daily across over 135 locations in nine states, including California, Georgia, Indiana, Kentucky, New Jersey, North Carolina, Ohio, Pennsylvania, and Virginia.

FOR SALE DETAILS

PRICE

$10,270,000 USD

PRICE/SF

$641 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pinnacle Treatment Center

PROPERTY TYPE

Office

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

11.04 AC

LAND SF

480,902 SF

ZONING

ZO01

APN/PARCEL ID

89-08-11-000-214.001-015

ASK ABOUT THIS PROPERTY

Nathan WhalenMarcus & MillichapMore Info
317-218-5329

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

Nathan WhalenMarcus & MillichapMore Info
317-218-5329

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