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3550 S Hoyt Ave
Muncie, IN 47302
Investment Property · Industrial Property For Sale
PROPERTY FACTS
ABOUT 3550 S HOYT AVE , MUNCIE, IN 47302
Flex space Industrial Building of 8000 sq ft. This property is in the last year of a five year net lease that started in July 2015. The lease has annual increases on July 1st each year and starting July 1 2019 the lease is $37,560 as of July 1, 2019. Initial term ends on June 30th 2020. There is a five year extension option. This is an all steel construction building built in 1994 on a 2.87 acre site. The lease does not include the rear half of this lot, so the owner could build an additional building on the rear of the lot. NN lease with some owner responsibilities (see lease document). Tenant pays real estate taxes, insurance and basic maintenance. Priced at only $39 Sq Ft.
PROPERTY TAXES
| Parcel Number | 18-11-29-152-005.000-002 | Improvements Assessment | $212,100 |
| Land Assessment | $59,800 | Total Assessment | $271,900 |
PROPERTY TAXES
