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Northpoint Office Building 340 Northpoint Ave 2,000 SF 100% Leased Office Building Huntington, IN 46750 $341,480 ($170.74/SF) 7.75% Cap Rate
Executive Summary
STURGES PROPERTY GROUP HAS BEEN APPOINTED THE EXCLUSIVE AGENT for the sale of a 100% leased two-tenant office investment property located at 340 Northpoint Ave in Huntington, Indiana. The property consists of a well-maintained building with dedicated suite and ample shared parking with the adjacent buildings.
THE BUILDING IS CURRENTLY LEASED TO EDWARD JONES AND ELLIOT INSURANCE, providing stable in-place income and diversified tenancy. Landlord maintenance obligations are limited to the roof and structure, allowing the investor to offset operating costs with limited management.
POSITIONED IN A QUIET PROFESSIONAL SETTING ON THE NORTH SIDE OF HUNTINGTON, the property offers convenient accessibility to nearby retailers and US 24. The building’s small suite sizes offer the investor predictable cash flow in and limited vacancy upon turnover in a supply constrained market.
THE BUILDING IS CURRENTLY LEASED TO EDWARD JONES AND ELLIOT INSURANCE, providing stable in-place income and diversified tenancy. Landlord maintenance obligations are limited to the roof and structure, allowing the investor to offset operating costs with limited management.
POSITIONED IN A QUIET PROFESSIONAL SETTING ON THE NORTH SIDE OF HUNTINGTON, the property offers convenient accessibility to nearby retailers and US 24. The building’s small suite sizes offer the investor predictable cash flow in and limited vacancy upon turnover in a supply constrained market.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
2,000 SF
Building Class
C
Year Built/Renovated
2001/2024
Price
$341,480
Price Per SF
$170.74
Cap Rate
7.75%
NOI
$26,465
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
2,000 SF
Building FAR
0.08
Lot Size
0.59 AC
Zoning
BP - Business Park
Parking
35 Spaces (10 Spaces per 1,000 SF Leased)
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Finance and Insurance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
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Jan 0000
Edward Jones began in the early 1920s as a brokerage firm founded by Edward D. Jones Sr. and built around a client-first approach that emphasized suitable investments and personal relationships. The firm operates with a branch-office model across North America and serves individual investors and small businesses through financial advisors who provide personalized guidance. Edward Jones offers investment products, financial planning, retirement accounts, education savings, insurance, annuities, and advisory services. The firm maintains a large advisory network and a broad client base, demonstrating continued scale in wealth management and related financial services.
- Excel Insurance Services, Inc.
- Finance and Insurance
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99,999 SF
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$9.99
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Lorem Ipsum
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Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Finance and Insurance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
| Excel Insurance Services, Inc. | Finance and Insurance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 35-05-09-200-780.019-005 | Improvements Assessment | $233,300 |
| Land Assessment | $67,000 | Total Assessment | $300,300 |
Property Taxes
Parcel Number
35-05-09-200-780.019-005
Land Assessment
$67,000
Improvements Assessment
$233,300
Total Assessment
$300,300
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