1140 Jefferson StFranklin, IN 46131

Property Details for 1140 Jefferson St

Year built

1998

Construction

WOOD

Lot size

0.95 AC

Property size (Sq ft)

10,090 SF

Property type

Office properties

APN

41-08-15-031-010.001-009

APU

410815031010001009

Description

Franklin Professional Park offers exceptional medical and executive office spaces for lease, ideally situated across from Johnson Memorial Hospital in Franklin, Indiana. Four units are available, ranging from 1,577 to 2,390 square feet, with options for expansion up to 4,347 square feet. Several units are fully built-out medical practices, complete with exam rooms and offices, while others offer flexible shell space adaptable to various needs. One 1,577 sq ft end-cap space has the potential to be combined with an adjacent unit for a total of 3,436 square feet. Another 1,859 sq ft unit is available inline, next to DaVita. The entire 3,436 square foot building offers multiple tenancy options. This prime location provides unparalleled visibility and accessibility, benefiting from the high traffic flow associated with the hospital and the surrounding medical community. The Net Net Net (NNN) lease structure offers cost predictability and flexibility. This is an exceptional opportunity to establish or expand your practice within a thriving healthcare hub. The address for the available units is 1130 B & C Jefferson St. and 1140 B & C Jefferson St., Franklin, Indiana 46131.

• CAP approach

  CAP return

  Valuation

  6%

  $1,244,647

  6.5%

  $1,148,905

  7%

  $1,066,840

• Comparable approach

  Method

  Valuation

  Relative Method

  $868,547

  Geo Method

  $868,547

• Alternative Use

  Use

  Valuation

  Residential

  $1,424,642

  Hospitality

  $1,304,965

  Educational

  $1,085,715

  Medical

  $1,123,055

  Retail

  $1,688,891

Location Insight

City

Franklin

County

Johnson

State

Indiana

Latitude

39.4816

Longitude

-86.0771

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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