National Credit Medical Office Investment

Expired Office for Sale
Catylist Listing ID: 30819756
Property Subtypes: Medical
Building Size (RSF): 3,893 SF
Gross Building Area: See Agent
Sale Price: $775,000
Unit Price: $199.08 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/1/2023

Overview / Comments

We are pleased to present this excellent medical office investment opportunity in Charlestown, IN. The property was built in 2010 and is currently leased to Optum, a subsidiary of UnitedHealth Group, one of the largest healthcare groups in the country (NYSE: UNH), making this a great opportunity to acquire a stable investment in a growing area.

The property sits on 1 acre, allowing room for possible expansion or further development. It is shadowed by the North Clark Community Hospital, a recently acquired hospital that is undergoing a full remodel.

Charlestown is a fast growing city just north of Louisville with several recently announced developments, including the 600 acre Shadow Lake development project that will include 330 acres of industrial, mixed-use, and retail development, and 270 acres of residential development, and the Forest Edge project to build a 206-unit luxury apartment complex.

> ~3,900 SF medical office investment opportunity
> Currently leased to Optum, a subsidiary of UnitedHealth (NYSE: UNH)
> Located just off Hwy 3 in Charlestown, a fast growing city just north of Louisville

Please fill out the linked Confidentiality Agreement to access rent roll, financials, and additional information.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Clark
Tax ID/APN: 10-18-15-500-028.000-004
Zoning: C2

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,287 9,083 17,985
Median Age: 41.16 36.53 36.89
Households: 535 3,357 6,537
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