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Single-Tenant Office

720 S 13th St

720 S 13th St, Decatur, IN 46733

Listing Price: $616,000

Cap Rate
9.02%
Gross SF
4,000
Rentable SF
4,000
Price/Gross SF
$154.00
Lot Size
0.83 acres
Year Built
2008

Investment Overview

Marcus & Millichap is pleased to exclusively present the opportunity to acquire 720 S 13th Street, a government leased office space in Decatur, Indiana. The Property consists of 4,000 SF of leaseable of space constructed in 2008. The Property’s location on 13th Street, also the US Route 33, is the main arterial road connecting Decatur to Fort Wayne 30 miles north. The Property is strategically located to nearby retailers and is easily accessible to the city population. The Property is leased to the State of Indiana on behalf of the Indiana Department of Child Services. The government tenant is on a 6-year NN lease with approximately two years remaining.

Investment Highlights

  • Government leased office
  • 6-year NN lease
  • Frontage to main Decatur road

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Single-Tenant Office

720 S 13th St

Listing Price: $616,000

Cap Rate
9.02%
Gross SF
4,000
Rentable SF
4,000
Price/Gross SF
$154.00
Lot Size
0.83 acres
Year Built
2008

Investment Highlights

  • Government leased office
  • 6-year NN lease
  • Frontage to main Decatur road

Investment Overview

Marcus & Millichap is pleased to exclusively present the opportunity to acquire 720 S 13th Street, a government leased office space in Decatur, Indiana. The Property consists of 4,000 SF of leaseable of space constructed in 2008. The Property’s location on 13th Street, also the US Route 33, is the main arterial road connecting Decatur to Fort Wayne 30 miles north. The Property is strategically located to nearby retailers and is easily accessible to the city population. The Property is leased to the State of Indiana on behalf of the Indiana Department of Child Services. The government tenant is on a 6-year NN lease with approximately two years remaining.

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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