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222 Pearl Street
New Albany, IN 47150
Asking Price
$1.79M
Asset Type
Office
Class
Class B
What's Special
Office | 25,000 SqFt <ul><li>• Three-story, elevator-served building totaling approximately 18,000± SF of leasable area, plus common areas and a substantial full basement • 1st retail and office space fully leased 2nd floor fully leased 3rd floor office vacancy offering immediate value-add opportunity • Dramatic mezzanine lobby with historic architectural character • Front and rear emergency stairwells, 2 commercial restrooms per floor, server room on each floor with fiber optic connectivity • Well-positioned f
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NOI
$80,000
Cap Rate
4.47%
DSCR
0.75
Underwater
Cash-on-Cash
-4.89%
Monthly Payment
$8,855.943
Annual Cash Flow
$-26,271.32
