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Parachute Plasma 699 Creekview Dr

6,408 SF Office Building Columbus, IN 47201 $4,972,548 ($776/SF) 7.50% Cap Rate

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease
  • Growing Credit | The lease is subject to a corporate guarantee by Join Parachute.
  • Attractive Rental Increases | The lease will feature 2.00% rental increases starting in year 7.

Executive Summary

NNN Pro is pleased to present the exclusive listing for a Parachute
Plasma located at 699 Creekview Dr., Columbus, IN 47201. The
site consists of roughly 6,408 rentable square feet of building
space on an estimated 1-acre parcel of land. This Parachute
Plasma is subject to a 20-year Triple Net (NNN) lease which will
commence upon close of escrow. The annual rent will be
$372,941 and has scheduled increases of 2.00% annually starting
year 7.

Property Facts

Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
6,408 SF
Building Class
B
Year Built
2024
Price
$4,972,548
Price Per SF
$776
Cap Rate
7.50%
NOI
$372,941
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,408 SF
Building FAR
0.15
Lot Size
1.00 AC
Zoning
CC - Central commerciasl
  • Listing ID: 34162038

  • Date on Market: 12/11/2024

  • Last Updated:

  • Address: 699 Creekview Dr, Columbus, IN 47201

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