Current Use by Public Records
- Retail properties & Spaces
Property Details for 3572 Us-30
- Lot size
- 4.92 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Office Spaces
Description
This 21,000 square foot multi-tenant property in Warsaw, Indiana, presents a compelling value-add investment opportunity. Located on 4.92 acres at 3572 E US-30, this Class B building boasts a strong current NOI of $113,861, representing a 7.59% cap rate. The property is currently 91.67% occupied with twelve tenants. Significant upside potential exists through leasing vacant space and implementing market rent adjustments, projected to increase NOI to $152,060 and the cap rate to 10.14%. The asking price is $1,500,000, translating to $71.43 per square foot. This strategically positioned property benefits from high visibility and excellent accessibility within Warsaw's thriving business district, attracting a diverse tenant base across retail, office, and industrial sectors. The property's strong existing cash flow, combined with the potential for substantial NOI growth, makes it an attractive investment with a favorable risk-adjusted return profile. This is a chance to capitalize on Warsaw's economic expansion and add a high-performing asset to your portfolio. The property is for sale by owner.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Warsaw
- County
- Kosciusko
- State
- Indiana
- Longitude
- -85.7738
- Latitude
- 41.2195
