Building Details:
Located in Avon, Indiana, Westridge Office Park consists of two single
story Class B multi-tenant office buildings comprised of 38,448 square feet. The buildings are being offered for disposition as a single transaction. In addition to being located in a community that has experienced 39.7% growth since 2000, the property is situated at a fully signalized intersection on U.S. 36, the major commercial corridor through Avon experiencing a daily traffic count of 37,000 VPD. Numerous dining and retail amenities are located within easy driving distance from the property.
> Four of the nine tenants are medical tenants and comprise 48% of the building
> The buildings have great visibility and access from US Highway 36
> The property has a signalized intersection that boasts over 37,000 cars per day
> Asking price: $3,847,500
> Asking Cap: 9.5%
> Actual NOI: $365,431
> Current Occupancy: 84.37%
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