Northpoint Office Building
Office | 7.75% CAP | 2,000 SqFt
Marketing description
STURGES PROPERTY GROUP HAS BEEN APPOINTED THE EXCLUSIVE AGENT for the sale of a 100% leased two-tenant office investment property located at 340 Northpoint Ave in Huntington, Indiana. The property consists of a well-maintained building with dedicated suite and ample shared parking with the adjacent buildings.
THE BUILDING IS CURRENTLY LEASED TO EDWARD JONES AND ELLIOT INSURANCE, providing stable in-place income and diversified tenancy. Landlord maintenance obligations are limited to the roof and structure, allowing the investor to offset operating costs with limited management.
POSITIONED IN A QUIET PROFESSIONAL SETTING ON THE NORTH SIDE OF HUNTINGTON, the property offers convenient accessibility to nearby retailers and US 24. The building’s small suite sizes offer the investor predictable cash flow in and limited vacancy upon turnover in a supply constrained market.
Investment highlights
340 NORTHPOINT AVE IS A TWO-TENANT OFFICE INVESTMENT located in Huntington, Indiana, just 18 miles southwest of Fort Wayne. The asset is being offered as a 100% leased stabilized opportunity for an investor with predictable cash flow.
THE PROPERTY IS WELL PLACED ON THE NORTH SIDE OF HUNTINGTON allowing for convenient access to nearby retailers and US 24. Large employers in the area include Mann’s, Inc., EcoLab, Schneider Electric, and Gerdau.
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