4311 Old Indiana 261 - Medical FOR SALE


Newburgh, IN 47630
$3,135,000 USD
812-746-8569
4311 Old Indiana 261, Newburgh, IN for Sale
$3,135,000 USD
Medical - FOR SALE
1/55
null | 6.9% Cap Rate

4311 Old Indiana 261
Newburgh, IN 47630


HIGHLIGHTS

  • Landscaped suburban setting
  • Professional property management
  • Purpose built for medical and healthcare services

OVERVIEW

SVN | The Martin Group is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a two-tenant, medical center investment property located in Newburgh, Indiana (Evansville MSA). The property is divided into two suites with DaVita Dialysis currently occupying approximately 9,672 SF of the 12,172 SF leasable area. The other space is occupied by a complimentary wellness center. The WALT is 5.05 with both tenants possessing multiple five-year renewal options. The lease features annual 3% rental increases. Founded in 1994, DaVita Dialysis is one of the largest providers of kidney care in the U.S. and has been a leader in clinical quality and innovation for more than two decades.

FOR SALE DETAILS

PRICE

$3,135,000 USD

PRICE/SF

$215 USD /SF

CAP RATE

6.9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Newburgh Medical/Office Space

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

3.1 AC

LAND SF

135,036 SF

ZONING

-

APN/PARCEL ID

87-12-26-102-003.000-019

ASK ABOUT THIS PROPERTY

Richard ClementsSummit Real Estate ServicesMore Info
812-746-8569

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Richard ClementsSummit Real Estate ServicesMore Info
812-746-8569

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