2500 Parkway Dr Shelbyville, IN 46176
- Medical offices
- 6,105 SF
- 0.62 lot acres
Current Use by Public Records
- Fresenius Kidney Care Shelby County / Dialysis Center
- Bloom Ronald MD / Doctor
Property Details for 2500 Parkway Dr
- Year built
- 2002
- Construction
- WOOD
- Lot size
- 0.62 lot acres
- Property size
- 6,105 SF
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 73-11-03-300-001.000-002
- APU
- 731103300001000002
Description
This exceptional investment opportunity presents a fully occupied, 5,940 square foot medical office building situated at 2500 Parkway Drive, Shelbyville, Indiana. Built in 2004 as a build-to-suit for Fresenius Medical Care, a leading provider of kidney dialysis services, this single-tenant property boasts a 100% occupancy rate and a strong 9.02% cap rate, generating a net operating income (NOI) of $107,484. The property is situated on a 0.62-acre lot and includes 32 parking spaces, crucial for patient and staff convenience. The building's design is specifically tailored to the needs of a dialysis center, ensuring optimal functionality and patient comfort. Located within the Indianapolis MSA, this property benefits from Shelbyville's diverse economy and easy access to Interstate 74, providing excellent visibility and convenient access for patients and staff. The long-term lease with Fresenius Medical Care provides a stable and predictable income stream, making this a low-risk investment with significant potential for appreciation. The property features a single story, with permitted zoning as BG. The asking price is $1,190,000, translating to $200.34 per square foot. This fee-simple ownership opportunity offers a secure investment in the essential healthcare sector. The facility operates at full capacity, with twelve operating stations on a full three-shift schedule, six days a week. This consistent operation ensures a reliable income stream for the investor. The property's prime location and essential healthcare tenant make it an attractive investment for those seeking stability and growth in the healthcare real estate market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Shelbyville
- County
- Shelby
- State
- Indiana
- Longitude
- -85.7421
- Latitude
- 39.5173
- CBSA code
- 26900
- CBSA name
- INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
