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2030 W Boulevard

7,534 SF Office Building Kokomo, IN 46902 $1,201,246 ($159/SF) 8.10% Cap Rate

Medical Offices Indiana Kokomo 2030 W Boulevard, Kokomo, IN 46902

Executive Summary

Ryan Reid and Pete Hensoldt from Q10| Lutz Investment Sales are pleased to offer for sale the fee-simple interest in 7,534 square foot medical office building in Kokomo Indiana.
The building is on .95-acre parcel of land and is currently 100% occupied by Ascension. The lease is triple net with the operating expenses, insurance, real estate taxes covered by the tenant. This property offers a unique investment opportunity for buyers seeking a stable and reliable income stream with a long-term tenant in place. Ascension has recently extended for 3 years and their lease currently goes through 2/2/2028.

Attachments

Ascension-Kokomo-Heart-Care (Final)

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
7,534 SF
Building Class
C
Year Built/Renovated
2003/2015
Price
$1,201,246
Price Per SF
$159
Cap Rate
8.10%
NOI
$97,301
Tenancy
Single
Building Height
1 Story
Typical Floor Size
7,534 SF
Building FAR
0.18
Lot Size
0.95 AC
Zoning
C-2 - Commercial
Parking
37 Spaces (4.91 Spaces per 1,000 SF Leased)
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PROPERTY TAXES

Parcel Number 34-09-02-300-062.000-002 Improvements Assessment $620,200
Land Assessment $116,600 Total Assessment $736,800

PROPERTY TAXES

Parcel Number
34-09-02-300-062.000-002
Land Assessment
$116,600
Improvements Assessment
$620,200
Total Assessment
$736,800
(248) 432-3215

Contact

  • Listing ID: 33837519

  • Date on Market: 11/12/2024

  • Last Updated:

  • Address: 2030 W Boulevard, Kokomo, IN 46902

More public record information on 2030 W Boulevard, Kokomo, IN 46902

The Office Property at 2030 W Boulevard, Kokomo, IN 46902 is currently available for sale. Contact Q10 | Lutz Financial for more information.

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2030 W Boulevard
(248) 432-3215 x

2030 W Boulevard

Ryan Reid

(248) 432-3215

(248) 432-3215

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