Building Details

Tenancy Multi

Listing Agency: Woodward Commercial Realty Inc Show Phone

Listed By: Chris Jackson, CCIM, SIOR · License #IN RB14026364

Source: Crexi

Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 1:03AM

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Investment Insights

Based on property information with market context.

Waterford Plaza is an office building with longer-term triple-net leases in place and rent increases incorporated into the lease structure. The property currently has 2 vacancies as of 3/19/24, providing a mix of occupied and available office space.

Recent capital work includes replacement of the roof, fascia, and gutters in 2024. Four rooftop HVAC units were replaced in 2023. The property is positioned on Evansville’s east side, with convenient access to dining, shopping, housing, and entertainment.

Key Highlights

• Longer‑term triple‑net leases in place with rent increases
• 2 vacancies as of 3/19/24
• Roof, fascia, and gutters replaced in 2024

Property Analytics

Property Profile

Current Use

A&D Constructors General Contractor Reid Susan E Physician Haseman Jean S ... Physician Enhabit Home Health Home Health Care Service Elements Interior Architecture Interior Design

Suggested Use

Top Pick Veterinary Clinic Daycare Center (Bike/Boat/Book/etc) Store Florist Locksmith Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

817

Businesses Nearby

Explore this area Business Placement

Demographics for 47715, IN

28,959

Population

14,451

Households

2

Avg Household Size

39

Median Age

29%

College-Educated

95%

High-School Grad

22.0 sq mi

ZIP Area

1,316

Density / Sq Mi

$59,821

Median Household Income

$40,137

Median Earnings

$1,009

Median Rent

$191,900

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Office asset with longer-term NNN leases, scheduled rent increases, and recent roof and HVAC improvements.

Where is this office building located?

The property is located at 1449 Kimber Ln Evansville, IN.

What are key features of this property?

This property features: Longer‑term triple‑net leases in place with rent increases; 2 vacancies as of 3/19/24; Roof, fascia, and gutters replaced in 2024