For Sale
$1,500,000

3572 Us-30Warsaw, IN 46580

High-yield flex space; prime Warsaw location.

Overview

Added:
Dec 11, 2024
Days on market:
117
This 21,000 square foot multi-tenant property in Warsaw, Indiana, presents a compelling value-add investment opportunity. Located on 4.92 acres at 3572 E US-30, this Class B building boasts a strong current NOI of $113,861, representing a 7.59% cap rate. The property is currently 91.67% occupied with twelve tenants. Significant upside potential exists through leasing vacant space and implementing market rent adjustments, projected to increase NOI to $152,060 and the cap rate to 10.14%. The asking price is $1,500,000, translating to $71.43 per square foot. This strategically positioned property benefits from high visibility and excellent accessibility within Warsaw's thriving business district, attracting a diverse tenant base across retail, office, and industrial sectors. The property's strong existing cash flow, combined with the potential for substantial NOI growth, makes it an attractive investment with a favorable risk-adjusted return profile. This is a chance to capitalize on Warsaw's economic expansion and add a high-performing asset to your portfolio. The property is for sale by owner.

Highlights

  • Prime location in Warsaw's central business district with excellent accessibility and visibility.
  • Cash-flowing asset providing immediate income.
  • Value-add opportunity to increase NOI by leasing vacant space and raising rents.
  • Strong tenant demand due to high visibility, attracting retail, office, and industrial tenants.
  • Positioned to benefit from Warsaw's economic growth and increased demand for commercial space.
  • Attractive risk-adjusted returns from stable income and significant upside potential.

Property Details for 3572 Us-30

Property type
Retail properties, Office properties
Square Feet
21,000 SF
Class
B
Buildings
1
Lot Size (sq. ft)
214,315 SF
Units
12

Location Insight

City
Warsaw
County
Kosciusko
State
Indiana
Latitude
41.219544878966
Longitude
-85.773768166562
3572 Us-30, Warsaw, Indiana

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3572 Us-30
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