Grange Professional Complex | 51565 Bittersweet Rd
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Grange Professional Complex 51565 Bittersweet Rd
8,268 SF 100% Leased Office Building Granger, IN 46530 $1,167,747 ($141/SF) 9.50% Cap Rate
Investment Highlights
- Smile Doctors is one of the most sought-after tenants in the Healthcare space, recognized as one of the largest dental companies in the US with 450+
- 3.00% annual rental increases from Smile Doctors provide a future owner a boost in cash flow and return on their investment,
- Smile Doctors expands by acquiring existing practices that are already established within the community. This allows them to quickly grow
- Healthcare properties are extremely sought-after investments for their resistance to recessions and e-commerce.
- Smile Doctors renewed the lease in November of 2024 showing their long-term commitment to the location.
- Wealthy Demographics – The surrounding area has an average household income above $123,265.
Executive Summary
Broker of Record
Kyle Matthews
License No. RC52200195 (IN)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Kyle Matthews
License No. RC52200195 (IN)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
8,268 SF
Building Class
B
Year Built
1988
Price
$1,167,747
Price Per SF
$141
Cap Rate
9.50%
NOI
$110,936
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
8,268 SF
Building FAR
0.09
Land Acres
2.00 AC
Zoning
Commercial
Parking
75 Spaces (9.07 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 71-05-18-327-004.000-011 | Improvements Assessment | $249,600 |
| Land Assessment | $218,500 | Total Assessment | $468,100 |
PROPERTY TAXES
Parcel Number
71-05-18-327-004.000-011
Land Assessment
$218,500
Improvements Assessment
$249,600
Total Assessment
$468,100
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Seamus O'Brien -
Thor St John -
Rahul Chhajed -
Michael Moreno -
Matthews Real Estate Investment Services
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Grange Professional Complex | 51565 Bittersweet Rd
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