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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