Listed by Allegro Real Estate Brokers & Advisors
$4,200,000
14828 Greyhound Ct
Details
APN 09-09-13-00-00-012.034
Property Type Office
Sub Type Medical Office
Square Footage 13,825
Cap Rate 6.00%
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 10.8
Lease Expiration 09/30/2034
Remaining Term 8.2
Rent Bumps Yes
Price per SqFt $362
Class A
Year Built 1995
Acreage 2.000
Parking Spaces 75 spaces
Parking per 1,000 SqFt 5.42
Tenant Credit Credit Rated
Lease Commencement 12/21/2023
Rent Commencement 09/21/2024
Credit tenant, net leased medical office building. Long term lease in place.
Marketing description
Investment highlights
Strong Credit Single Tenant Medical Office Building
100% Occupied by Indiana University Health, Largest Healthcare System in Indiana
Indiana University Health Has an “AA” Credit Rating from Fitch
New 10-Year Lease with Annual Increases
Tenant Responsible for 100% of Building Expenses, Including Management Fee
Tenant Performed a Recent Build-Out in Excess of $3 Million in the Property
High Quality Brick/Stone Construction
Average Household Income of $139,000 Within 5 Miles of Property
Desirable Suburban Setting with Over 158,000 Residents Within 5 Miles of Property
Surrounded by Major Retailers, Which Include Walmart Supercenter, Target, Menards, Lowe’s, Whole Foods, LA Fitness, and Many More
Listing Contacts
Listed by Allegro Real Estate Brokers & Advisors
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