2455 East Main St Healthcare
  • Asking Price
    $2.9MAsking Price
  • Cap Rate
    7.25%Cap Rate
  • Price/SF
    $439.05Price/SF
  • NOI
    $213KNOI
  • Size
    6,678 SFSize
  • Occupancy
    100%Occupancy

Description

Heartland Dental - Plainfield, IN is a 6,678 SF office property for sale at 2455 East Main St in Plainfield, IN. Built in 2016 and 100% occupied, it offers an investor an existing income stream rather than vacant space to fill.

The building occupies 1.35 acres, giving a buyer a defined parcel and building within the same acquisition. Its 2016 construction date is useful context for reviewing the asset’s age, while the occupancy figure makes the current income the central question for underwriting. The property’s office classification also matters to a buyer comparing it with other income-producing assets: the investment case rests on this building, its site, and the cash flow associated with the occupied property, rather than a plan to lease vacant square footage.

The asking price is $2,932,000, or $439.05 PSF, with a 7.25% cap rate and $212,572 in NOI. Those figures put the acquisition cost and current income in direct view for an investor. The stated $2,171,851.85 per acre offers another way to frame the price against the land component, without changing the building-focused investment story. For a buyer seeking an occupied office asset in Plainfield, the opportunity is to acquire an established income stream at a defined price and underwrite it against the property’s existing occupancy and NOI.

Offering Summary

  • Asking Price
    $2,932,000
  • Price PSF
    $439.05
  • Price/Acre
    $2,171,851.85
  • Property Type
    Healthcare
  • Size
    6,678 SF
  • Occupancy
    100%
  • Properties
    1
  • Built
    2016
  • Total Acres
    ~1.35 ac

Sale Details

  • Cap Rate
    7.25%
  • NOI
    $212,572

Documents

Property Address

2455 East Main St
Plainfield, IN 46168

Property Details

  • Square Feet
    6,678 SF
  • Property Type
    Healthcare
  • Building SF
    6,678 SF
  • Occupancy
    100%
  • Year Built
    2016
  • Acres
    1.35

Deal Team

Chris Wiener profile image

Chris Wiener

Marketing and Transactions Manager
Atlantic Retail