3225 Southview Dr - Medical FOR SALE


Elkhart, IN 46514- North Elkhart
$1,195,000 USD
260-482-6970
3225 Southview Dr, Elkhart, IN for Sale
$1,195,000 USD
Medical - FOR SALE
1/10
null | Request Cap Rate

3225 Southview Dr
Elkhart, IN 46514
North Elkhart


HIGHLIGHTS

  • Suites 200, 300, 401 are currently available for lease
  • Buyer can lease spaces for additional income or occupy
  • Suite 500 has a 5 year lease in place ending in 2028

OVERVIEW

Sturges Property Group is pleased to present the Northpointe Building for sale located on the north side of Elkhart, Indiana. The well-maintained Class A, 13,568 square foot commercial office building was constructed in 2001. The building location is than a half mile from the intersection of SR 19 and the Indiana Toll Road 80/90 which provides an optimal location in terms of both access and visibility. 3225 Southview Drive is a "value-add", 28% leased asset with one tenant with a five-year triple net lease in place. The property is priced “below replacement cost” which can be significant advantage for an investor or owner/user. There are three available tenant spaces, each with their own private entrance, that could be separately leased or combined for a single owner/user. The new owner could occupy all or some of the available space and enjoy the benefit of having one existing tenant in place. The B3 zoning will accommodate a variety of business uses including large-scale commercial, retail, wholesale, service, medical, and auto-related uses.

FOR SALE DETAILS

PRICE

$1,195,000 USD

PRICE/SF

$88 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

North Pointe Office Bldg

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

B-3

APN/PARCEL ID

20-02-20-176-010.000-027

ASK ABOUT THIS PROPERTY

Robert DoyleSturges Property GroupMore Info
260-482-6970

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Robert DoyleSturges Property GroupMore Info
260-482-6970

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