3300 W Purdue Ave | Muncie, IN 47304
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3300 W Purdue Ave
Muncie, IN 47304
Cataract & Laser Eye Surgery Center · Office Property For Sale
INVESTMENT HIGHLIGHTS
- 9,362 Square Foot, Single Tenant Medical Office and Surgery Center
- Fresh 10 Year, NNN Sale-Leaseback with Average Cap Rate of 8.66% Over The 10-Year Term
- Subject Property Positioned in Medical Office Pocket, Located Two and a Half Miles from IU Health Ball Memorial Hospital
- Year One Cash-On-Cash Return of 10.91%
- In 2001 the Subject Property Expanded 4,121 Square Feet with the Addition of a New Surgery Portion
PROPERTY FACTS
Property Type
Office
Property Subtype
Medical
Building Size
9,362 SF
Building Class
B
Year Built
1994
Tenancy
Single
Building Height
1 Story
Typical Floor Size
9,362 SF
Building FAR
0.22
Lot Size
1.00 AC
Zoning
Medoff - Commercial
Parking
58 Spaces (6.2 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 18-07-31-426-022.000-003 | Improvements Assessment | $447,100 |
| Land Assessment | $86,800 | Total Assessment | $533,900 |
PROPERTY TAXES
Parcel Number
18-07-31-426-022.000-003
Land Assessment
$86,800
Improvements Assessment
$447,100
Total Assessment
$533,900
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