3777 Haley DrNewburgh, IN 47630

For Sale
$860,000

Newburgh, IN: 14,796 SF Office Building

Overview

Added:
Dec 11, 2024
Days on market:
90
This exceptional investment opportunity presents a 14,796-square-foot Class B executive office building located at 3777 Haley Drive, Newburgh, Indiana, 47630. The property, built in 1998 and renovated in 2024, sits on a 1.69-acre lot (APN: 87-12-23-303-06.000-019) and boasts excellent visibility from State Road 261. Currently 100% occupied by a single tenant under a NNN lease, this property offers a stable cash flow with a net operating income (NOI) of $62,500 and a 7.27% cap rate. The asking price is $860,000, translating to $58.12 per square foot. The tenant recently signed a 7+ year renewal in 2024, demonstrating strong tenancy. The building features 9,300 square feet on the first floor and benefits from a new roof installed in 2023. The property is zoned C-4, providing flexibility for future use. This offering presents a compelling opportunity to acquire a well-maintained, high-performing asset significantly below replacement cost with below-market rent. The property's strong tenant history and favorable lease terms make it an attractive investment for discerning buyers.

Highlights

  • 14,796 SF office building (9,300 SF ground floor)
  • Substantially below replacement cost, offering stable cash flow.
  • Below-market net lease rates.
  • 1998 construction.
  • High visibility on State Road 261.
  • Long-term tenant with a 7+ year lease renewal executed in 2024.

Property Details for 3777 Haley Dr

Property type
Other office properties, Office properties
Square Feet
14,796 SF
Class
B
Year Built/Renovated
1998/2024
Lot Size (sq. ft)
73,616 SF

Location Insight

City
Newburgh
County
Warrick
State
Indiana
Latitude
37.9799978
Longitude
-87.3886234
3777 Haley Dr, Newburgh, Indiana

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3777 Haley Dr
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