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    Mishawaka Medical Office Investment Opportunity Title is generated by Realmo AI

    3730 Edison Lakes Pkwy, Mishawaka, IN

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    Leased medical office space with long-term tenant commitment.

    Type:OFFICE
    Property size:
    6,706 SF
    Lot size:
    1.22 Acres
    Price / SF:
    $132/SF
    Added:
    Sep 22, 2023
    Days on Market:
    996
    Last Refresh:
    May 19 at 9:13 pm

    Property Features for 3730 Edison Lakes Pkwy

    General Information

    Standard status
    Active
    Size
    6,706 SF
    Lot size
    1.22 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Kyle Mackulak
    Kyle Mackulak

    Listing agent Kyle Mackulak

    Listing office Matthews Real Estate Investment Services

    Listing date Sep 22, 2023

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Matthews Real Estate Investment Services

    HighLights

    • Tenant secured with a new 5‑year lease running through December 2027.
    • Autism Therapy practices rarely relocate, ensuring stable tenancy.
    • Patient retention challenges make relocation difficult for this type of business.
    • High moving costs further discourage tenant relocation.
    • The autism spectrum disorder therapeutics market is experiencing significant growth.
    • Market is projected to reach USD 3.42 billion by 2030.

    Overview

    This 6,706 square foot property is located at 3730 Edison Lakes Pkwy in Mishawaka, IN. The property is currently leased to a tenant in the autism spectrum disorder therapeutics market. The tenant has recently committed to a 5-year lease term, extending from January 2023 to December 2027, demonstrating a commitment to the location. Autism therapy practices tend to remain in place due to patient retention and moving costs.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $95.0k $14.16
    − Vacancy −$20.9k −$3.12
    EGI $74.1k $11.04
    − OpEx −$18.5k −$2.76
    NOI $55.5k $8.28
    6,706 SF · lease $14.16/SF/yr · vacancy 22.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $793.6K
    $694.4K – $925.8K (±1% cap)
    NOI $55,550 @ 7.0% cap · market cap 6.25%
    Second Best
    Healthcare Medical
    $652.2K
    $570.7K – $760.9K (±1% cap)
    NOI $45,654 @ 7.0% cap · market cap 5.14%
    Theoretical Best
    Retail
    $1.33M
    $1.16M – $1.55M (±1% cap)
    NOI $93,085 @ 7.0% cap · market cap 10.47%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Shannan E. Szuba, ... Physician Lighthouse Autism Center ... Medical Clinic Courtney Steele Physician Courtney Schultz Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Mishawaka Animal Care Center — 129 W Edison Rd, Mishawaka, IN 46545
    • Magrane Pet Medical Center — 3945 Edison Lakes Pkwy, Mishawaka, IN 46545

    Location Insight

    • Map
    • Local Demand
    City
    Mishawaka
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.1801
    Latitude
    41.6948

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    FAQs

    What type of property is this?
    Medical Office Space - Leased medical office space with long-term tenant commitment.
    Where is this medical office space located?
    The property is located at 3730 Edison Lakes Pkwy Mishawaka, IN.
    What is the asking price?
    The asking price for this property is $888,659.
    What are key features of this property?
    This property features: Tenant secured with a new 5‑year lease running through December 2027.; Autism Therapy practices rarely relocate, ensuring stable tenancy.; Patient retention challenges make relocation difficult for this type of business.
    (262) 672-8388 Call to check price and availability
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    Contact for Pricing
    Please call us for current price
    and status of this listing Kyle Mackulak
    Kyle Mackulak
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