1603 S Scatterfield Rd
Anderson, IN 46016
White River Medical Offices · Office Property For Sale

The DiSalvo Group of Marcus & Millichap is pleased to present for sale to the market White River Medical Offices. The property i s in Anderson, Indiana and is a part of the Indianapolis MSA. Indianapolis is the 9th Largest Midwest MSA, while Anderson is the county seat of Madison County and located along I 69 on the Northeast side. With over 55,000 residents, Anderson is a growing Indianapolis Submarket anchored by Anderson University and Harrah’s Hoosier Park Casino. Constructed in 2003, the White River Medical Offices is a 12,273 square foot, two building medical office park strategically pos itioned on the hard corner out lot to the White River Athletic Club, along State Road 9, which is also known as South Satterfield Road. The subject properties benefit from exposur e t o over 24,000 vehicles per day. White River Medical Offices is 100% occupied by three tenants on NNN Leases. The long standing anchor tenant, Indiana Eye Surgeons, who occupies 31. 6% of the Net Leasable Area, began leasing the space in 2003 and has recently signed an early extension through May 2026. The White River Medical Offices presents as an excellent, bite sized acquisition opportunity for any investor seeking limited la ndlord responsibilities within stabilized, quality medical office product with a across a staggered lease rollover schedule with high yield. The Subject Properties are priced to sell at $1.692M, reflecting an 8.98% CAP Rate after applying a 5% market vacancy factor despite no tenant rollover until 2021. Additional upside is still available in the raising rental rates , f uture insertion of annual rent bumps, and capitalizing on signage income for the pylon sign for the entire park along State Road 9.