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Newburgh Medical/Office Space 4311 Old Indiana 261 14,614 SF 100% Leased Office Building Newburgh, IN 47630 $3,135,000 ($214.52/SF) 6.90% Cap Rate

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INVESTMENT HIGHLIGHTS

Landscaped suburban setting
Purpose built for medical and healthcare services

Professional property management

EXECUTIVE SUMMARY

SVN | The Martin Group is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a two-tenant, medical center investment property located in Newburgh, Indiana (Evansville MSA). The property is divided into two suites with DaVita Dialysis currently occupying approximately 9,672 SF of the 12,172 SF leasable area. The other space is occupied by a complimentary wellness center. The WALT is 5.05 with both tenants possessing multiple five-year renewal options. The lease features annual 3% rental increases. Founded in 1994, DaVita Dialysis is one of the largest providers of kidney care in the U.S. and has been a leader in clinical quality and innovation for more than two decades.

4311 Listing Packet - OM Nov 2025 C

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Office

Property Subtype

Medical

Building Size

14,614 SF

Building Class

Year Built

1977

Price

$3,135,000

Price Per SF

$214.52

Cap Rate

6.90%

NOI

$216,315

Percent Leased

100%

Tenancy

Multiple

Building Height

1 Story

Typical Floor Size

12,208 SF

Building FAR

0.11

Lot Size

3.10 AC

Parking

100 Spaces (8 Spaces per 1,000 SF Leased)

Signage

Health Care and Social Assistance
99,999 SF
$9.99
Lorem Ipsum
Jan 0000

DaVita is a leading provider of kidney care services headquartered in Denver, Colorado. Founded in 1994, the company operates a nationwide network of outpatient dialysis centers and offers integrated care for patients with chronic kidney disease and end-stage renal disease. The Girard Estates Dialysis center in Philadelphia provides in-center hemodialysis and related clinical support. DaVita serves approximately 240,000 patients globally and is listed on the New York Stock Exchange under the ticker symbol DVA. The organization emphasizes clinical quality and innovation in dialysis treatment and participates in Medicare and Medicaid programs.

Patricia A. & Timothy A. Haire
Health Care and Social Assistance
99,999 SF
$9.99
Lorem Ipsum
Jan 0000

TENANT	INDUSTRY	SF OCCUPIED	RENT/SF	LEASE TYPE	LEASE END
	Health Care and Social Assistance	99,999 SF	$9.99	Lorem Ipsum	Jan 0000
Patricia A. & Timothy A. Haire	Health Care and Social Assistance	99,999 SF	$9.99	Lorem Ipsum	Jan 0000