3777 Haley Dr
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3777 Haley Dr
14,796 SF 100% Leased Office Building Newburgh, IN 47630 $1,223,032 CAD ($83 CAD/SF) 7.27% Cap Rate
Investment Highlights
- Significantly below replacement cost with stable cash flow
- Prime visibility off State Road 261
- Below market NNN rent
- Roof replaced in 2023
Executive Summary
Presenting an exceptional investment opportunity at 3777 Haley Drive, Newburgh, IN. This asset is being offered well below replacement cost with stable cash flow and at NNN rent significantly below market. This 14,796 SF office building is strategically located with excellent visibility off State Road 261. Zoned C-4 and fully occupied, this single tenant property features a sticky tenant with a 7+ year renewal signed in 2024. Don't miss out on this prime asset in the desirable Newburgh area.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
14,796 SF
Building Class
B
Year Built
1998
Price
$1,223,032 CAD
Price Per SF
$83 CAD
Cap Rate
7.27%
NOI
$88,883 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
14,796 SF
Building FAR
0.20
Lot Size
1.69 AC
Zoning
C-4 - Commercial
Parking
45 Spaces (3.04 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Reception
- Air Conditioning
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PROPERTY TAXES
Parcel Number | 87-12-23-303-006.000-019 | Improvements Assessment | $528,743 CAD |
Land Assessment | $975,118 CAD | Total Assessment | $1,503,861 CAD |
PROPERTY TAXES
Parcel Number
87-12-23-303-006.000-019
Land Assessment
$975,118 CAD
Improvements Assessment
$528,743 CAD
Total Assessment
$1,503,861 CAD
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3777 Haley Dr
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