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11903 E Welland St
Cumberland, IN 46229
Office Property For Sale
Investment Highlights
- Seven (7) Total Tenants Across Nine (9) Suites
- 11% Entry Cap Rate
- Building Renovated in 2021
- Property is Fully-Leased
- Below-Market Rents & Upside Potential
Property Facts
Property Type
Office
Property Subtype
Medical
Building Size
8,268 SF
Building Class
B
Year Built/Renovated
1976/2021
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,134 SF
Building FAR
0.20
Lot Size
0.94 AC
Zoning
C1 - Commercial - Office
Parking
48 Spaces (6 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Security System
- Kitchen
- Accent Lighting
- Storage Space
- Atrium
- Basement
- Central Heating
- Common Parts WC Facilities
- Open-Plan
- Drop Ceiling
- Hardwood Floors
- Yard
- Air Conditioning
- Balcony
Property Taxes
| Parcel Number | 49-09-03-111-001.000-724 | Improvements Assessment | $198,900 |
| Land Assessment | $54,100 | Total Assessment | $253,000 |
Property Taxes
Parcel Number
49-09-03-111-001.000-724
Land Assessment
$54,100
Improvements Assessment
$198,900
Total Assessment
$253,000
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