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1601 Lafayette Rd 8,387 SF 100% Leased Office Building Crawfordsville, IN 47933 $1,125,000 ($134.14/SF) 6.62% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Heavy Traffic
  • High Quality Construction
  • Easy Parking

EXECUTIVE SUMMARY

The Marquis Group is pleased to present 1601 Lafayette Rd, Crawfordsville, IN. This prime medical investment is on 231 in Crawfordsville near I-74. It has 2 well established tenants. The lot is 2.63 A, and has a well maintained lot both in front and behind the building. The lot offers potential for another building. The building is 8387 sq ft with a large basement. It is well constructed with high quality materials including copper gutters, and solid wood doors.

PROPERTY FACTS

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Office
Building Size
8,387 SF
Building Class
B
Year Built
2005
Price
$1,125,000
Price Per SF
$134.14
Cap Rate
6.62%
NOI
$74,466
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
8,387 SF
Building FAR
0.07
Lot Size
2.63 AC
Zoning
C - Commercial
Parking
44 Spaces (6.77 Spaces per 1,000 SF Leased)

AMENITIES

  • Signage
  • Wheelchair Accessible
  • Reception
  • Storage Space
  • Outdoor Seating
  • Air Conditioning

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Health Care and Social Assistance
  • 4,511 SF
  • $12.72
  • Triple Net
  • Apr 2028

Pinnacle Dermatology is the nation's premier destination for comprehensive skincare. They are the largest female-founded and owned dermatology network in the U.S. Thanks to her vision for a dermatology model that provided higher standards of patient care, Pinnacle Dermatology founder Dr. Paula Lapinski laid the foundation for who they are today. Their commitment to excellence extends across dermatology, skin cancer care, cosmetics, plastic surgery, and pathology. With a team of over 250 skilled dermatologists and skin-care experts, and more than 95 locations across the U.S., they deliver top-notch dermatological care and convenient access, ensuring an unparalleled patient experience. At Pinnacle Dermatology, they prioritize each patient's skin health and aesthetic goals, offering a transformative journey toward lifetime wellness. Experience skincare excellence where satisfaction meets commitment.

  • Health Care and Social Assistance
  • 1,351 SF
  • $9.00
  • Triple Net
  • May 2026

As the world’s leading provider of diagnostic information services, Quest Diagnostics and all their employees are committed to The Quest Way, sharing their purpose, strategy, and culture—through working every day to uncover important insights about one's health. They're dedicated to providing actionable results that empower patients with the information they need to make their healthcare decisions count through: Discovering new ways to screen for, prevent, diagnose, and monitor disease, making it faster and easier for consumers, patients, doctors, and hospitals to access lab tests and data when they need it, ensuring patients obtain the services and care they need when they need it and solving health inequities and working collaboratively to make communities healthier.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Health Care and Social Assistance 4,511 SF $12.72 Triple Net Apr 2028
Health Care and Social Assistance 1,351 SF $9.00 Triple Net May 2026

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
54-07-30-100-018.000-024
Land Assessment
$133,900
Improvements Assessment
$1,285,900
Total Assessment
$1,419,800
  • Listing ID: 33842183

  • Date on Market: 11/12/2024

  • Last Updated:

  • Address: 1601 Lafayette Rd, Crawfordsville, IN 47933

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