Listed by CBRE - Indianapolis
$1,450,000
2 Tenant Medical Investment
Details
Property Type Office, Retail
Sub Type Medical Office
Cap Rate 8.37%
NOI $121,385
Occupancy 100%
Tenancy Single
Lease Type NNN
Class B
Office | 8.37% CAP
Marketing description
• Warsaw is known as the Orthopedic Capital of the World. Warsaw is home to Zimmer Biomet, DePuy Synthes, and OrthoPediatrics.
• The subject property is 100% occupied by Tri-State Optical and CleanSlate Medical.
• The tenants have an attractive occupancy history. Both tenants have leases through 2029.
• Tenants pay an average rent of $15.10 per square foot and reimburse all operating expenses.
• Tri-State Optical and CleanSlate Medical both have a five-year option to renew with annually increasing rents.
Listing Contacts
Listed by CBRE - Indianapolis
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$121,385.00
$10,115.42/mo
Valuation Metrics
0
DSCR
8.37%
Cap Rate
8.37%
ROI
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