140 E 53rd St
Anderson, IN 46013
WorkOne Professional Office Building · Office Property For Sale

This offering provides a unique opportunity to acquire a 60% occupancy (Five Year NNN lease commenced April 1, 2020 to Work One), modern professional office building below replacement cost. The layout of the building can be easily demised to accommodate a second tenant to quickly add more income. The building has been well maintained, as example, a new dimensional shingle roof was installed in 2017. The subject property is situated across the street from a St. Vincent Clinical Educational Center and one of two Ivy Tech Community College locations in the town and just blocks to the main retail corridor on Scatterfield Road. Two miles directly north of the subject property is the St. Vincent Regional Hospital, a 240 bed facility. Anderson is city in Madison County with a population of 55,076 and is part of the Indianapolis MSA which has a population of 2,000,000 (Top 35 MSA in the US). The city is located approximately 20 minutes north of Interstate 465 and just off Interstate 69, and 45 minutes northeast of downtown Indianapolis. The largest employer in Anderson is Nestle, USA which employs 800+ people – in 2017 the company, for the 6th time since 2009, has expanded its operations at this facility. This expansion was just under $80M and Nestle has now invested over $800M in this facility. The other major employers in the area include Community Hospital Anderson (1,225 employees), St. Vincent Health (1,124 employees), Hoosier Park (623 employees), Anderson University (500 employees). Anderson University is a private school with an undergraduate enrollment of nearly 3,000 students. The university recently received an award being ranked in the 2018 Top 20 for ‘Most Innovative Schools’.