State of Indiana Government Building
100% Occupied 2 Tenant Govt. Building
Marketing description
The Klink Group of Marcus & Millichap is pleased to present the opportunity to acquire a 100% occupied government-leased building in Hartford City, Indiana, anchored by two essential State of Indiana agencies: the Bureau of Motor Vehicles (BMV) and the Division of Family Resources (DFR). Backed by the credit of the State, the property delivers stable, recession-resistant income driven by non-discretionary services that are required to be accessible within each county.
Offered at an attractive price point, the asset provides a compelling combination of yield and security. Additionally, the property benefits from no real estate tax exposure, as taxes are either reimbursed or abated for state-leased properties, enhancing net operating income and reducing landlord expenses.
Investment highlights
- 100% Occupied by Indiana Bureau of Motor Vehicles (BMV) and Division of Family Resources (DFR).
- Hartford City is the county seat of Blackford County and serves as the primary commercial and governmental hub for the surrounding rural communities.
- Indiana maintains BMV branches and DFR offices in each county, offering an incoming investor a high renewal probability.
- N Walnut Street is the main north and south corridor in Hartford City and is filled with local, regional and national retailers.
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