Office•Office Building•For Sale

Downtown Highland Office Investment

2809 Highway Ave, Highland, Indiana 46322

Sale Price $450,000
Sale Type Investment
Bldg Type Multi-Tenant
Class B
Stories 2
Cap Rate 9.96%
Gross Bldg 8,208 SqFt
Land Area .18 Acres
Net Op Inc $44,800
100% occupied investment property for sale in Downtown Highland. 3 strong tenants located within the building with very low rents. Upside potential by renewals at market rates. Financials and leases provided by signing NDA. Great Cap Rate and cash on cash return. Priced to sell quickly at 10% Cap Rate with 7% vacancy factor figured into analysis. Highland is a town located in Lake County, Indiana (Chicago MSA.) According to the 2010 census, the population was 23,727 and 9,924 households. The building is located in Downtown Highland just off the hard corner of Kennedy & Highway Ave. The property is conveniently situated less than a 5 minute drive to the intersection of I-80/94 & Kennedy Ave ramp.
  • 100% Leased
  • Long Term Tenants
  • Low Rents
  • Redeveloping area
  • Great Location near I-80/94 & Kennedy Interchange

1 Attachments

Sale Brochure

12/28/2018 5:56:58 PM 1/23/2019 9:31:12 PM
Aaron McDermott, CCIM
President
Latitude Commercial Real Estate

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