14745 Commerce RdDaleville, IN 47334

Property Details for 14745 Commerce Rd

Year built

2019

Construction

WOOD

Lot size

2.34 AC

Property size (Sq ft)

5,856 SF

Property type

Medical offices

Property subtype

Medical centers

APN

18-13-12-400-048.000-026

APU

181312400048000026

Description

This 6,000 square foot, free-standing medical office building is located at 14745 W Commerce Rd, Daleville, IN 47334. Built in 2019 as a build-to-suit project for American Health Network, a wholly-owned subsidiary of Optum, this property offers a 15-year net lease with approximately 10 years remaining. The asking price is $2,400,000, and the current Net Operating Income (NOI) is $179,916 annually. The property sits on a 2.34-acre lot and is ideally suited for a 1031 exchange. The existing financing features a highly attractive 3.25% fixed rate and is assumable. This investment presents a rare opportunity to acquire a stable, net-leased medical office building with a credit tenant and significant remaining lease term. The property boasts 100% occupancy and is situated in Delaware County, Indiana.

• CAP approach

  CAP return

  Valuation

  6%

  $729,447

  6.5%

  $673,335

  7%

  $625,240

• Comparable approach

  Method

  Valuation

  Relative Method

  $727,257

  Geo Method

  $727,257

• Alternative Use

  Use

  Valuation

  Residential

  $834,936

  Hospitality

  $764,797

  Educational

  $636,302

  Medical

  $658,185

  Retail

  $989,803

Location Insight

City

Daleville

County

Delaware

State

Indiana

Latitude

40.1125

Longitude

-85.5607

CBSA code

34620

CBSA name

MUNCIE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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