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Office Medical

632 S 13th St

632 S 13th St, Decatur, IN 46733

Listing Price: $616,000

Cap Rate
5.78%
Gross SF
3,139
Rentable SF
3,139
Price/Gross SF
$196.24
Occupancy
100.0%
Year Built
2000
Lot Size
0.83 acres

Investment Overview

Marcus & Millichap is pleased to exclusively present the opportunity to acquire 632 South 13th Street, a leased medical property in Decatur, Indiana. The Property consists of approximately 3,139 SF of commercial space on 0.83 acres. The Subject Property is leased to Decatur Urgent Care, a highly regarded urgent care center which serves Decatur and the greater Fort Wayne Region. The long-term NNN lease has 17 years remaining from its 40-year term. There are rent escalations every five years and two 10-year renewal options for the tenant.

Investment Highlights

  • Medical Office Investment Opportunity
  • NNN
  • 17 years remaining from the original 40-year term

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Office Medical

632 S 13th St

Listing Price: $616,000

Cap Rate
5.78%
Gross SF
3,139
Rentable SF
3,139
Price/Gross SF
$196.24
Occupancy
100.0%
Year Built
2000
Lot Size
0.83 acres

Investment Highlights

  • Medical Office Investment Opportunity
  • NNN
  • 17 years remaining from the original 40-year term

Investment Overview

Marcus & Millichap is pleased to exclusively present the opportunity to acquire 632 South 13th Street, a leased medical property in Decatur, Indiana. The Property consists of approximately 3,139 SF of commercial space on 0.83 acres. The Subject Property is leased to Decatur Urgent Care, a highly regarded urgent care center which serves Decatur and the greater Fort Wayne Region. The long-term NNN lease has 17 years remaining from its 40-year term. There are rent escalations every five years and two 10-year renewal options for the tenant.

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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