Listed by Indiana Integrity REALTORS
$145,000
101 N Cross St, Waveland, IN
Details
Property Type Office
Sub Type Dental office
Square Footage 1,792
Net Rentable (SqFt) 1,792
NOI $13,500
Occupancy 100%
Tenancy Single
Lease Expiration 07/30/2027
Remaining Term 1
Price per SqFt $81
Year Built 2001
Year Renovated 2019
Acreage 0.200
Zoning Commercial
Lease Commencement 12/31/2021
Leased until July 2027
Investment highlights
Built in 2001 this terrific investment opportunity is all brick medical office building constructed by Biddle Construction. There are four exam rooms, one office, one lab, two restrooms, receptionist's office, nurse station, storage room, and lobby. Improvements include Anderson windows, 2019 repaved parking lot complete with hitching post to accommodate equine travelers, 2019 new roof. Mechanicals include high efficiency propane gas forced air furnace, electric water heater, city sewer and water.
Listing Contacts
Listed by Indiana Integrity REALTORS
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$13,500.00
$1,125.00/mo
Valuation Metrics
0
DSCR
9.31%
Cap Rate
9.31%
ROI
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