Building Size: ±5,274 SF
Price: $610,000
Cap Rate: 8.23%
INVESTMENT HIGHLIGHTS
•Attractive single tenant medical building located one-half mile west of Marion General Hospital
•Located at the signalized northeast corner of Baldwin and Spencer Avenues
•Tenant pays replaceable rent of $10.30/SF
•Rents increase based on CPI adjustment in each of three three-year renewal periods
•Tenant administers common area maintenance directly and reimburses landlord’s insurance
•Dense surrounding population of 10,056 within one mile and 28,040 within three miles
•Baldwin Avenue has average daily traffic counts of 22,961 vehicles
FOR MORE
INFORMATION
PLEASE CONTACT:
Kevin Broderick
Investment Properties
T +1 317 2691089
kevin.broderick2@cbre.com
Matt Gray
Investment Properties
T +1 317 2691031
matt.gray@cbre.com
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