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125 S Westplex Ave 8,500 SF Industrial Building Bloomington, IN 47404 $725,000 ($85.29/SF) 5.68% Cap Rate
EXECUTIVE SUMMARY
8500 sq.ft. zoned for light industrial 6000 SF production/shop area with 2500+/-SF office space, near westside for sale. 1.5 miles from I69 and 1 mile from Downtown Bloomington. Currently leased to a long term tenant until June 25th, 2027 with no options to renew. The yearly rent is $6/SF or $4,250/monthly plus taxes, ins, and CAMS which is over a 7% cap rate! Seller is Licensed Broker in Indiana.
PROPERTY FACTS
| Price | $725,000 | Building Class | B |
| Price Per SF | $85.29 | Lot Size | 0.59 AC |
| Sale Type | Investment or Owner User | Rentable Building Area | 8,500 SF |
| Cap Rate | 5.68% | No. Stories | 2 |
| Property Type | Industrial | Year Built | 1997 |
| Property Subtype | Warehouse | Tenancy | Single |
| Zoning | Light Industrial | ||
| Price | $725,000 |
| Price Per SF | $85.29 |
| Sale Type | Investment or Owner User |
| Cap Rate | 5.68% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 0.59 AC |
| Rentable Building Area | 8,500 SF |
| No. Stories | 2 |
| Year Built | 1997 |
| Tenancy | Single |
| Zoning | Light Industrial |
AMENITIES
- Air Conditioning
UTILITIES
- Water - City
- Sewer - City
- Heating - Electric
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PROPERTY TAXES
| Parcel Number | 53-05-32-310-011.000-005 | Improvements Assessment | $260,700 |
| Land Assessment | $204,400 | Total Assessment | $465,100 |
PROPERTY TAXES
Parcel Number
53-05-32-310-011.000-005
Land Assessment
$204,400
Improvements Assessment
$260,700
Total Assessment
$465,100
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125 S Westplex Ave
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