385 Meridian Parke Lane

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385 Meridian Parke Lane

Greenwood, IN 46142
Asking Price
$2.83M
Cap Rate
7.1%
Asset Type
Traditional Office Office
Class
Class B

What's Special

NNN-Leased, Two-Tenant Medical Office in Greenwood’s Premier Healthcare Corridor <p><span style="color: rgba(19, 30, 41, 1)">• Long-term NNN leases with 4% annual income growth and minimal management responsibilities</span></p><p><span style="color: rgba(19, 30, 41, 1)"> • Strong healthcare demand supported by outpatient growth </span></p><p><span style="color: rgba(19, 30, 41, 1)"> • Premium location fundamentals off State Road 135 (Meridian St) with 39,000 VPD </span></p><p><span style="color: rgba(19, 30, 41, 1)"> • Compelling demographics and regional accessibility with

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NOI
$80,000
Cap Rate
2.83%
DSCR
0.48
Underwater
Cash-on-Cash
-10.35%
Monthly Payment
$13,976.559
Annual Cash Flow
$-87,718.704

Location & Travel Times