Parachute Plasma
7,120 SF | Office Building | Vincennes, IN 47591 | $4,737,876 ($665/SF) | 7.25% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $4,737,876
- Property Type
-
Office
- Square Feet
- 7,120 SF
- Price / Square Foot
- $665
Listing Contacts
Glen Kunofsky
Verified Profile
Alan Laulainen
Verified Profile
- Property Info
Property Overview
NNN Pro Group is pleased to present the exclusive listing for a Parachute Plasma located at 2608 N 6th St in Vincennes, Indiana. The site consists of roughly 7,120 rentable square feet of building space on estimated 0.99-acre parcel of land. This Parachute Plasma is subject to a 20-year absolute triple-net (NNN) lease, which will commence at the close of escrow. The current annual rent is $343,496 and is scheduled to increase by 2% annually starting in year 6 throughout the base term and in each of the 4, 5-year renewal options.
Property Details
- Class
- C
- Year Built
- 2023
- Stories
- 1
- Property Subtype
- Medical
- Lot Size (sq. ft)
- 43,124 SF
Highlights
- Long-Term, Brand New 20-Year Absolute Triple Net (NNN) Lease
- Two Percent (2%) Rental Increases Occurring Annually Starting Year 6
- Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years
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