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Value-Add Office Portfolio - Kokomo, IN 2 Office Properties Offered at $3,855,000 in Kokomo, IN
Investment Highlights
- Below market rent, according to CoStar Analytics.
- 29% Population Growth From 2010 to 2000.
- Next to Stellantis Transmission Plant Which Recently Invested $155M.
- Kokomo has strong demographics, and a growing economy .
Executive Summary
Pete Hensoldt and Ryan Reid from Q10| Lutz Investment Sales are pleased to offer for sale the fee-simple interest in a 56,700-square-foot value-added office portfolio in Kokomo, Indiana.
The three-building portfolio sits on 5.15-acre parcels (Building A: 2.02 AC, Building B: 1.41 AC, Building M: 1.72 AC) of land and is currently 49% occupied with an anchor tenant of FCA Ascension. This property offers a unique investment opportunity for buyers seeking a stable and reliable income stream with upside through lease up. Ascension has recently extended for 3 years, and their lease currently goes through 6/30/2028.
The three-building portfolio sits on 5.15-acre parcels (Building A: 2.02 AC, Building B: 1.41 AC, Building M: 1.72 AC) of land and is currently 49% occupied with an anchor tenant of FCA Ascension. This property offers a unique investment opportunity for buyers seeking a stable and reliable income stream with upside through lease up. Ascension has recently extended for 3 years, and their lease currently goes through 6/30/2028.
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Property Facts
| Price | $3,855,000 | Number of Properties | 2 |
| Price / SF | $100.91 / SF | Individually For Sale | 0 |
| Sale Conditions | Total Building Size | 38,201 SF | |
| Sale Type | Investment | Total Land Area | 3.32 AC |
| Status | Active |
| Price | $3,855,000 |
| Price / SF | $100.91 / SF |
| Sale Conditions | |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 38,201 SF |
| Total Land Area | 3.32 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
S Albright Rd
2723-2731 Albright Rd, Kokomo, IN 46902 |
Office | 19,782 SF | 2000 | - |
| 2745-2761 Albright Rd, Kokomo, IN 46902 | Office | 18,419 SF | 1992 | - |
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Value-Add Office Portfolio - Kokomo, IN
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