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Office

221 W Market St

221 W Market St, Bluffton, IN 46714

Listing Price: $555,555

Cap Rate
8.96%
Gross SF
7,261
Rentable SF
7,261
Price/Gross SF
$76.51
Lot Size
0.17 acres
Year Built
1900

Investment Overview

Marcus & Millichap is pleased to exclusively present the opportunity to acquire 221 W Market Street, a government leased single-tenant office property located in Downtown Bluffton, Indiana. The Property consists of approximately 7,261 SF of rentable office space on 0.17 acres, two blocks from Main Street of Downtown Bluffton. The Property is leased to the State of Indiana on behalf of the Indiana Department of Child Services. The NN 5-year lease on 4,892 SF (67%) has 7 months remaining with one (1) 4-year renewal option at average market rent. The investment opportunity has a strong value add component in the vacant 1,145 office SF, available for lease.

Investment Highlights

  • Government leased single-tenant office
  • Downtown Bluffton
  • Strong value add component

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Office

221 W Market St

Listing Price: $555,555

Cap Rate
8.96%
Gross SF
7,261
Rentable SF
7,261
Price/Gross SF
$76.51
Lot Size
0.17 acres
Year Built
1900

Investment Highlights

  • Government leased single-tenant office
  • Downtown Bluffton
  • Strong value add component

Investment Overview

Marcus & Millichap is pleased to exclusively present the opportunity to acquire 221 W Market Street, a government leased single-tenant office property located in Downtown Bluffton, Indiana. The Property consists of approximately 7,261 SF of rentable office space on 0.17 acres, two blocks from Main Street of Downtown Bluffton. The Property is leased to the State of Indiana on behalf of the Indiana Department of Child Services. The NN 5-year lease on 4,892 SF (67%) has 7 months remaining with one (1) 4-year renewal option at average market rent. The investment opportunity has a strong value add component in the vacant 1,145 office SF, available for lease.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

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