11903 E Welland

Description:

The Cumberland Professional Building is a fantastic investment opportunity for anyone looking to expand their real estate portfolio. Located at 11903 E Welland St. Cumberland, IN 46229, this 9 Suite, 8,268 SF office building is currently 93% leased and has a 8.88 actual % cap rate. The building has been recently updated and has value-add opportunities.

One of the key investment highlights of this property is its proximity to the city center and its strong tenant base. The building is well-maintained and has undergone recent updates, making it an attractive option for potential tenants. Additionally, there are value-add opportunities available for investors looking to increase their gain.

The asking price for the property is $850,000. The building has multiple tenancy and was built in 1976, with renovations completed in 2021. It sits on 0.94 acres of land zoned C1 - Commercial. There are also 48 parking spaces available, providing ample parking for tenants and visitors.

In summary, the Cumberland Professional Building is a fantastic investment opportunity with strong potential for growth and value-add opportunities. Don’t miss out on this chance to expand your real estate portfolio with a well-maintained and strategically located property.

-Close to Cumberland City Center
-20 Minutes East of Indianapolis
-2 Separate Entrances. One to Suites A-B, and the other to suites C-I