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Westfield Medical Pavillion 14828 Greyhound Ct 13,825 SF Office Building Carmel, IN 46032 $4,200,000 ($303.80/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Strong Credit Single Tenant Medical Office Building
- Lease Guaranteed by Indiana University Health, Largest Healthcare System in Indiana
- New 10-Year Lease with 2% Annual Increases
- Occupied by Riley Children’s Health, Providing Pediatric Primary Care Services
- Indiana University Health Has an “AA” Credit Rating from Fitch
- Tenant Responsible for 100% of Building Expenses, Including Management Fee
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
13,825 SF
Building Class
B
Year Built
1995
Price
$4,200,000
Price Per SF
$303.80
Cap Rate
6%
NOI
$252,000
Tenancy
Single
Building Height
1 Story
Typical Floor Size
13,825 SF
Building FAR
0.16
Lot Size
2.00 AC
Zoning
C - Commercial
Parking
75 Spaces (5.42 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
1 1
Bike Score®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 29-09-13-000-012.034-015 | Improvements Assessment | $1,236,900 |
| Land Assessment | $600,000 | Total Assessment | $1,836,900 |
PROPERTY TAXES
Parcel Number
29-09-13-000-012.034-015
Land Assessment
$600,000
Improvements Assessment
$1,236,900
Total Assessment
$1,836,900
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Westfield Medical Pavillion | 14828 Greyhound Ct
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