Single-Tenant Medical Office | Kokomo, IN

For Sale

Single-Tenant Medical Office | Kokomo, IN

Asking Price: $2,940,000 | Cap Rate: 7.35%

• Net Operating Income: $216,000
• Weighted Avg. Lease Term (WALT): 7 Years
• Lease Type: Absolute Net

Property Highlights

• 100% occupied by Advanced Medical Imaging with lease guaranteed by Outpatient Imaging Affiliates, a 42-unit operator across 12 states and growing
• Recent building improvements including new imaging equipment and forthcoming remodeling for new imaging equipment
• Centrally located between both major area hospitals; St. Vincent Kokomo Hospital and Howard Community Howard Regional Health
• Surrounded by numerous medical and office buildings