Historical Office Sale Listing - Author Solutions International HQ

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Author Solutions International HQ

1663 Liberty Drive, Bloomington, IN 47403

N/A

51,735 SF | Office

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Office Property - Off Market

Price:
N/A
Building Size:
51,735 SF
Property Type:
Office
Property Sub-type:
Office Building
Property Use Type:
Net Lease Investment with
7 years left on lease
Cap Rate:
9.56%
Occupancy:
100%
No. Stories:
2
Building Class:
A
Tenancy:
Single
Year Built:
2000
Lot Size:
6.24 AC
Parking Ratio:
5.12 / 1,000 SF
Listing ID
17301278
Last Updated
over 1 year ago

Description

- NEW $200,000 PRICE REDUCTION!!!
- STNL Class A Office Building built in 2000
- Author Solutions just signed a brand new 7 year lease NNN Lease with 2% annual increases
- Land Lord is responsible only for Structure
- Author Solutions, founded in Bloomington, is the largest publisher by book title in the world. They publish 1 out of every 15 book titles in the United States.
- Author Solutions was purchased by the private equity firm Bertram Capital in 2007. Bertram Capital is an $850 million private equity firm headquartered in Palo Alto, CA.
- ASI has continued to see double digit growth over the past few years and is on pass to acheive record sales numbers!

- Author Solutions is located just off of I-37 along Liberty Drive which is the premiere business corridor in Bloomington and has very low office vacancy
- The Liberty Drive business corridor boasts tenants such as: Coca Cola, Ivy Tech Community College, and Baxter Healthcare
- Bloomington is home to Indiana University which has over 41,000 students
- Demographic Breakdown (5-Mile Radius): Population - 94,990, Average Household Income - 52,240, Unemployment - 6.97%

Map of 1663 Liberty Drive, Bloomington, IN 47403 (Monroe County)

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Created 8/22/2011