3520-3528 W Two Mile House Rd - Office CONDO FOR SALE


Columbus, IN 47201
$1,676,000 USD
812-592-2062
3520-3528 W Two Mile House Rd, Columbus, IN for Sale
$1,676,000 USD
Office CONDO - FOR SALE
1/23
null | 7.5% Cap Rate

3520-3528 W Two Mile House Rd
Columbus, IN 47201


HIGHLIGHTS

  • Visible from I-65 & SR. 46
  • Surrounded by several national companies. Sams Club, Menards, Texas Roadhouse, etc..
  • Fast growing area

OVERVIEW

This investment has two assets. Both are part of a condominium property. 3520 Two Mile House Road has a three-year lease that started August 1, 2021, and have just renewed another 3-year lease starting August 1st,2024. They also have an annual 2.5% increase in base rent and are responsible for the CAMS with the Landlord responsible for the Property Taxes. The Tenant is Groups Recover Together. The annual NOI is $43,050. The Tenant has two more 3-year options to renew. The Tenant is strong with multiple locations in several states. 3528 Two Mile House Rd. This Tenant started on December 1st, 2022, and is for 7 years and 4 months. The lease has annual increases which will end on year 7 with $17.50/ square foot/ year plus NNN charges. The tenant is a non-profit that works with autistic people of all ages and is doing very well in this location. This has turned out to be a great fit for this type of service. This is an excellent opportunity. With the rental increases in August 2025 and April 2026 – The CAP rate at 1.676M will get to 8.24%/8.31%

FOR SALE DETAILS

PRICE

$1,676,000 USD

PRICE/SF

$178 USD /SF

CAP RATE

7.5%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

18,880 SF

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

118

LAND DETAILS

LAND ACRES

3.37 AC

LAND SF

146,797 SF

ZONING

Commercial Strip Center

APN/PARCEL ID

03-95-27-220-900.122-005,03-95-27-220-900.123-005

ASK ABOUT THIS PROPERTY

David StithStith Commercial BrokersMore Info
812-592-2062

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David StithStith Commercial BrokersMore Info
812-592-2062

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