2509 W 2nd St - Office FOR SALE


Marion, IN 46952
$2,191,000 USD
570-762-6075
2509 W 2nd St, Marion, IN for Sale
$2,191,000 USD
Office - FOR SALE
1/9
null | 8.75% Cap Rate

2509 W 2nd St
Marion, IN 46952


HIGHLIGHTS

  • 100% Occupied | Recent Lease to NuNation Church
  • Located on Central Highway | High Visibility
  • Surrounding Demand Drivers | Across from General Motors Plant
  • Recent Capital Improvements | 3rd Party Management In Place

OVERVIEW

SRS Multi-Tenant Investments is pleased to present the opportunity to acquire the fee simple interest (land & building ownership) in 2509 W 2nd Street, a 24,720 square foot office property comprised of two connected buildings located at 2509-2513 W 2nd St in Marion, Indiana. The property is 100% leased to three tenants: Hopebridge (13,320 SF), Angels of Mercy Homecare (3,790 SF), and Nu Nation Church of Zion (7,610 SF). Hopebridge’s lease runs through October 2028, Angels of Mercy is in place through November 2026 with two remaining five-year renewal options, and Nu Nation recently signed a new five-year lease with 3.0% annual increases and two additional five-year options. The property also underwent recent capital improvements, including new roofing and a resurfaced parking lot. Additionally, Bradley Company has served as the third-party property manager for more than three years.

FOR SALE DETAILS

PRICE

$2,191,000 USD

PRICE/SF

$292 USD /SF

CAP RATE

8.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

128

LAND DETAILS

LAND ACRES

1.9 AC

LAND SF

82,764 SF

ZONING

I2

APN/PARCEL ID

27-06-02-400-016.001-008,7-06-02-400-016.000-008

ASK ABOUT THIS PROPERTY

Jack CornellSRS Real Estate PartnersMore Info
570-762-6075

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Jack CornellSRS Real Estate PartnersMore Info
570-762-6075

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