Log In/Sign Up
Your email has been sent.
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
-
Jan 0000
Edward Jones was founded in 1922 by Edward D. Jones Sr. as a financial services firm built around serving individual investors rather than institutions. The company has grown into a North American wealth management business centered on financial advice, brokerage, retirement planning, education savings, insurance, and related investment services. Edward Jones emphasizes branch-based client relationships and a long-term investing approach, while the company has introduced new products, expanded banking capabilities, and pursued a broader effort to serve clients more completely.
- Excel Insurance Services, Inc.
- Finance and Insurance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
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 |
1 1
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
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
