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1920 E McKinley Hwy 20,160 SF 100% Leased Office Building Mishawaka, IN 46545 $4,390,000 ($217.76/SF) 7.35% Cap Rate
Executive Summary
Billion Dollar Autism Therapy Market
The global autism disorder therapeutics market size is estimated to be valued at $2.4 billion in 2025 and is projected to reach $3.8 billion by 2032
Ideal Demographics
Asset is located within a dense and middle-class area with over 146,673 residents and an average household income of $88,700 within a 5-mile radius of the site
Re-adaptive Use
The tenant has built out the property to provide specialized therapy for children with autism. This build-out provides basic individual therapy rooms and rooms to congregate both of which can be modified for a variety of general office or medical use
Neighboring National Retail Tenants
Surrounded by tenants such as; Walgreens, Planet Fitness, Kroger, Dollar General, Starbucks, Burger King, Smoothie King, Jimmy John’s, and more
Long Term Net-Leases
The site features a brand-new guaranteed net-lease with over 11.5 years remaining and (2) 5-year options with 2.5% annual increases throughout the initial term and option periods
Rapidly Expanding Tenant
UNIFI Autism Care is a regionally based tenant that has partnered with IU-Health to handle their behavioral provider needs, UNIFI plans to expand into multiple states and is focusing on additional strategic third-party hospital partnerships
The global autism disorder therapeutics market size is estimated to be valued at $2.4 billion in 2025 and is projected to reach $3.8 billion by 2032
Ideal Demographics
Asset is located within a dense and middle-class area with over 146,673 residents and an average household income of $88,700 within a 5-mile radius of the site
Re-adaptive Use
The tenant has built out the property to provide specialized therapy for children with autism. This build-out provides basic individual therapy rooms and rooms to congregate both of which can be modified for a variety of general office or medical use
Neighboring National Retail Tenants
Surrounded by tenants such as; Walgreens, Planet Fitness, Kroger, Dollar General, Starbucks, Burger King, Smoothie King, Jimmy John’s, and more
Long Term Net-Leases
The site features a brand-new guaranteed net-lease with over 11.5 years remaining and (2) 5-year options with 2.5% annual increases throughout the initial term and option periods
Rapidly Expanding Tenant
UNIFI Autism Care is a regionally based tenant that has partnered with IU-Health to handle their behavioral provider needs, UNIFI plans to expand into multiple states and is focusing on additional strategic third-party hospital partnerships
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
20,160 SF
Building Class
B
Year Built/Renovated
1985/2025
Price
$4,390,000
Price Per SF
$217.76
Cap Rate
7.35%
NOI
$322,665
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
10,080 SF
Slab To Slab
10’
Building FAR
0.34
Lot Size
1.35 AC
Zoning
I-1 - Light Industrial
Parking
71 Spaces (3.52 Spaces per 1,000 SF Leased)
Amenities
- Signage
1 1
Property Taxes
| Parcel Number | 71-09-02-377-005.000-022 | Improvements Assessment | $778,800 |
| Land Assessment | $190,100 | Total Assessment | $968,900 |
Property Taxes
Parcel Number
71-09-02-377-005.000-022
Land Assessment
$190,100
Improvements Assessment
$778,800
Total Assessment
$968,900
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1920 E McKinley Hwy
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