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1607 Wabash Ave 7,884 SF Office Building Terre Haute, IN 47807 $1,008,000 ($127.85/SF) 9% Cap Rate
Executive Summary
Spectrum Operation Center for many years with 2 years remaining on current lease. (2) 5 year options at 2% increase per year. $90,700 NOI NNN 9% cap rate. Tenant upgraded interior just in 2020. Located on Wabash Ave. & surrounded by all types of retail and restaurants. 2 extra lots to south of building provides additional parking. Call LA.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
7,884 SF
Building Class
C
Year Built
1932
Price
$1,008,000
Price Per SF
$127.85
Cap Rate
9%
NOI
$90,700
Tenancy
Single
Building Height
1 Story
Typical Floor Size
7,884 SF
Building FAR
0.27
Lot Size
0.66 AC
Zoning
C-1 - Comercial
Parking
21 Spaces (2.66 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Air Conditioning
- Smoke Detector
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Property Taxes
| Parcel Number | 84-06-22-433-002.000-002 | Improvements Assessment | $162,000 |
| Land Assessment | $111,100 | Total Assessment | $273,100 |
Property Taxes
Parcel Number
84-06-22-433-002.000-002
Land Assessment
$111,100
Improvements Assessment
$162,000
Total Assessment
$273,100
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1607 Wabash Ave
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