This Office Property is Off-Market.

1663 Liberty Drive
Bloomington, IN 47403 ·

51,735 SF · Office For Sale

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Author Solutions International HQ

Price N/A No. Stories 2
Building Size 51,735 SF Building Class A
Property Type Office Tenancy Single
Property Sub-type Office Building Year Built 2000
Property Use Type Net Lease Investment with 7 years left on lease Lot Size 6.24 AC
Cap Rate 9.56% Parking Ratio 5.12 / 1,000 SF
Occupancy 100%
Listing ID: 17301278 Date Created: 08/22/2011 Last Updated: 04/06/2012

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%

Research

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

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