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East Building 6635 E 21st St 10,453 SF Office Building Indianapolis, IN 46219 $1,620,000 ($154.98/SF) 6.86% Cap Rate
Investment Highlights
- Absolute NNN Lease
- Below Replacement Cost
- Below Market Rents with Limited Local Competition
- Strong and Growing Tenant
- Two-Parcel Configuration
Executive Summary
HOPEBRIDGE AUTISM THERAPY CLINIC - INDIANPOLIS, IN | ABSOLUTE NNN LEASE | 6.86% CAP
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
10,453 SF
Building Class
C
Year Built
1990
Price
$1,620,000
Price Per SF
$154.98
Cap Rate
6.86%
NOI
$111,200
Tenancy
Single
Building Height
1 Story
Typical Floor Size
10,453 SF
Building FAR
0.28
Lot Size
0.86 AC
Zoning
C-1 - Commercial
Parking
38 Spaces (3.64 Spaces per 1,000 SF Leased)
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 49-07-35-116-005.000-774 | Improvements Assessment | $957,900 |
| Land Assessment | $102,100 | Total Assessment | $1,060,000 |
Property Taxes
Parcel Number
49-07-35-116-005.000-774
Land Assessment
$102,100
Improvements Assessment
$957,900
Total Assessment
$1,060,000
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