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Jackson Medical & Professional 4144 Wyntree Dr

8,900 SF 100% Leased Office Building Newburgh, IN 47630 £789,000 (£89/SF) 6.22% Net Initial Yield

Executive Summary

A well-established medical office that is currently operating as Deaconess Clinic - Wyntree. The property offers a parking area with one entrance on Wyntree Dr, a short distance from Highway 66 and 261.
The main level consists of the front lobby, reception/filing with a central billing office, three offices, nine exam rooms, a nurses station, two-two fixture restrooms, and closets.
The lower level includes a +/- 1800 SF retail unit currently leased. The remaining +/- 2650 SF consists of a doctor's lounge, staff kitchen, staff restrooms (four-fixture including shower), two-fixture restroom off the shared open hallway, closet, and +/- 1100 SF unfinished storage.
Both HVAC units are new within the last 3 years. The roof was replaced in 2021.
Rectangular-shaped lot containing approx. 100' x 310' and containing .71 acres or +/- 31000 SF with frontage and access to Wyntree Dr.

Financial Summary (Pro forma - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
8,900 SF
Building Class
B
Year Built
2002
Price
£789,000
Price Per SF
£89
Net Initial Yield
6.22%
NOI
£49,063
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
4,450 SF
Building FAR
0.29
Land Acres
0.71 AC
Zoning
C-4 - General commercial zoning
Parking
26 Spaces (2.92 Spaces per 1,000 SF Leased)

Amenities

  • Basement
  • Central Heating
  • Air Conditioning

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Retailer
  • -
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Whether you are just starting or you have been scrapbooking for decades, we have the supplies you are looking for. We carry hard-to-find items that the big box stores just don't carry. Don't see what you're looking for? Ask! We do special orders! Can a store be more than just a place to buy supplies? Absolutely! We are a community here at Mary's Scrapden. We laugh, cry, eat, celebrate and create together. We invite you to join us and make some new friends to inspire you! Mary Shepard owns and operates the Scrapden with her husband of over 40 years. She has been in the scrapbooking business for 8 years and has run the Scrapden for 5 years this spring. An avid scrapbooker for over 15 years, she spreads her knowledge with everyone she meets.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Retailer - $9.99 Lorem Ipsum Jan 0000

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
87-12-27-215-001.000-019
Land Assessment
£182,417 (2023)
Improvements Assessment
£404,126 (2023)
Total Assessment
£586,543 (2023)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
  • Listing ID: 32431085

  • Date on Market: 11/07/2024

  • Last Updated:

  • Address: 4144 Wyntree Dr, Newburgh, IN 47630

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