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Washington Campus Medical Building 4411 Washington Ave 53,967 SF Office Building Evansville, IN 47714 $3,750,000 ($69.49/SF) 9.76% Cap Rate
Executive Summary
CAP 9.76% Facility features 3 Floors & Lower Level, serviced by 2 elevators and 1 drive-in door. Brick and glass exterior, canopy for pick up and drop off. With ample parking and back-up generator. Excellent investment opportunity, with anchor tenant lease in place until 2036. The Washington Campus Medical Building is ideally located on the East Side of Evansville IN – a ½ mile from Ascension St. Vincent Evansville Hospital & Medical Center, and adjacent to Professional Blvd.’s numerous medical buildings. The East Side of Evansville offers abundant retail shopping, dense residential population, and hosts the hospitality corridor.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
53,967 SF
Building Class
B
Year Built/Renovated
1974/2024
Price
$3,750,000
Price Per SF
$69.49
Cap Rate
9.76%
NOI
$366,000
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
17,989 SF
Slab To Slab
10’
Building FAR
0.34
Lot Size
3.60 AC
Zoning
C-1 and C-2 - Commercial
Parking
125 Spaces (2.32 Spaces per 1,000 SF Leased)
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Moderately walkable
60/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 82-06-35-016-071.012-027 | Improvements Assessment | $1,354,700 |
| Land Assessment | $494,600 | Total Assessment | $1,849,300 |
Property Taxes
Parcel Number
82-06-35-016-071.012-027
Land Assessment
$494,600
Improvements Assessment
$1,354,700
Total Assessment
$1,849,300
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Washington Campus Medical Building | 4411 Washington Ave