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3820 Edison Lakes Pky 9,698 SF 100% Leased Office Building Mishawaka, IN 46545 $2,250,000 ($232.01/SF) 7.03% Cap Rate
EXECUTIVE SUMMARY
•Ideal for a user or investor, and can be available for immediate occupancy or held to collect remaining rent from tenant who has vacated (over 2 years of remaining lease term for vacated tenant)
•Location in Edison Lakes Corporate Park provides a Class A setting and offers proximity to Mishawaka, South Bend, Granger, Elkhart and the University of Notre Dame
•Class A building with beautiful exterior and interior finishes
•Ample parking and access to various restaurants, health clubs, retail, hotels, and other amenities that will be a competitive advantage compared to office offerings in the central business district and elsewhere in the South Bend/Mishawaka area
•Highly traveled location with excellent visibility and traffic counts
•Preference is to sell, but owner will consider lease offers
•Location in Edison Lakes Corporate Park provides a Class A setting and offers proximity to Mishawaka, South Bend, Granger, Elkhart and the University of Notre Dame
•Class A building with beautiful exterior and interior finishes
•Ample parking and access to various restaurants, health clubs, retail, hotels, and other amenities that will be a competitive advantage compared to office offerings in the central business district and elsewhere in the South Bend/Mishawaka area
•Highly traveled location with excellent visibility and traffic counts
•Preference is to sell, but owner will consider lease offers
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
9,698 SF
Building Class
B
Year Built
1988
Price
$2,250,000
Price Per SF
$232.01
Cap Rate
7.03%
NOI
$158,132
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,849 SF
Building FAR
0.15
Lot Size
1.46 AC
Zoning
C-1 - Commercial
Parking
65 Spaces (6.7 Spaces per 1,000 SF Leased)
AMENITIES
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 71-09-04-226-003.000-022 | Improvements Assessment | $965,800 |
| Land Assessment | $394,200 | Total Assessment | $1,360,000 |
PROPERTY TAXES
Parcel Number
71-09-04-226-003.000-022
Land Assessment
$394,200
Improvements Assessment
$965,800
Total Assessment
$1,360,000
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3820 Edison Lakes Pky
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