village par shoppes...featured property highlights – multi-tenant retail/office investment with...

Featured Property Highlights

– Multi-Tenant Retail/Office Investment with Income in Place

– 7,000 SF built in 1996 on a 1.3 acre site

– Strategic Proven Location with Great Visibility & Signage Opportunities

– Ample Parking of 45 Spaces

– Listed for Sale at $550,000

› Income and Expense Statements are Available Upon Request and Signed CA

› 800 SF is Available for Lease: $1,000/Month

NEAL BOWMANSenior Broker 260 424 [email protected]

REBECCA WORRELLBroker260 424 [email protected]

PHILIP HAGEEListing Manager260 424 [email protected]

STEPHANIE PETRASBrokerage Marketing Assistant260 424 [email protected]

SturgesProperty.com 202 West Berry Street, Suite 500, Fort Wayne, IN 46802 260 424 8448

FOR SALE OR LEASERETAIL

Village Park Shoppes225 Hauenstein Rd

Huntington, Indiana 46750

AFFILIATED BUSINESS DISCLOSURE AND CONFIDENTIALITY AGREEMENT

This is a confidential Memorandum intended solely for your

limited use and benefit in determining whether you desire to

express further interest in the acquisition of the Property.

This Memorandum contains selected information pertaining

to the Property and does not purport to be a representation

of the state of affairs of the Property or the owner of the

Property (the “Owner”), to be all-inclusive or to contain all

or part of the information which prospective investors may

require to evaluate a purchase of real property. All financial

projections and information are provided for general

reference purposes only and are based on assumptions

relating to the general economy, market conditions,

competition and other factors beyond the control of the

Owner and Sturges, LLC. Therefore, all projections,

assumptions and other information provided and made

herein are subject to material variation. All references to

acreages, square footages, and other measurements are

approximations. Additional information and an opportunity

to inspect the Property will be made available to interested

and qualified prospective purchasers. In this Memorandum,

certain documents, including leases and other materials, are

described in summary form. These summaries do not purport

to be complete nor necessarily accurate descriptions of the

full agreements referenced. Interested parties are expected

to review all such summaries and other documents of

whatever nature independently and not rely on the contents

of this Memorandum in any manner.

Neither the Owner or Sturges, LLC, nor any of their respective

directors, officers, Affiliates or representatives make any

representation or warranty, expressed or implied, as to the

accuracy or completeness of this Memorandum or any of its

contents, and no legal commitment or obligation shall arise

by reason of your receipt of this Memorandum or use of its

contents; and you are to rely solely on your investigations

and inspections of the Property in evaluating a possible

purchase of the real property.

The Owner expressly reserved the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions with any entity at any time with or without notice which may arise as a result of review of this Memorandum. The Owner shall have no legal commitment or obligation to any entity reviewing this Memorandum or making an offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully executed, delivered and approved by the Owner and any conditions to the Owner’s obligations therein have been satisfied or waived.

By receipt of this Memorandum, you agree that this Memorandum and its contents are of a confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Memorandum or any of its contents to any other entity without the prior written authorization of the Owner or Sturges, LLC. You also agree that you will not use this Memorandum or any of its contents in any manner detrimental to the interest of the Owner or Sturges, LLC.

If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return the confidentiality Agreement (provided separately), filled out

and signed, to Sturges, LLC.

© 2019 Sturges, LLC. The information contained in this document has been obtained from sources believed reliable. While Sturges, LLC does not doubt its accuracy, Sturges, LLC has not verified it and makes no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

The Sturges Property Group logo are service marks of Sturges, LLC. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners.

Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.









Excellent Location

The property is highly visible from the northwest corner of US 24 and State Road 5/US 224 with approx. 600’ of frontage on

US 24 - a major traffic corridor that runs east from the Illinois state line, through NE Indiana, to Toledo, Ohio. The site is easily

accessible and is located in front of Walmart Supercenter.

Legend

School

Restaurant

Retail/Grocery

Hotel

Owen’s

Super 8

Walmart

Rodeway Inn

Wings Etc

Anytime Fitness

Burger King

Walgreens

ALDI

KFC

Jimmy John’s

Taco Bell

Hauenstein Rd

Wendy’sMecates

Arby’s

Pizza Hut

Comfort Inn

Hardee’s

Subway

Big Lots

Maurices

Goody’s

McDonald’sCVS

Applebee’s

Huntington University

Orscheln Farm & Home

Huntington Chevrolet

Juergens Do It Center

Homier Distributing

GQT Huntington 7

Huntington North High School

US-24

US-24

ST Rd 5

N Jefferson St









SITE

East Building

Site Plan & Floor Plans - Contact Broker for Detailed Plans

West Building +/- 3,000 SF +/- 4,050 SF

Floor Plans: Not To Scale

Available for Lease:

Hauenstein Rd

Suite 211: 800 RSF

211 209 205217

225

225









Suite 211: 800 SF Suite 211: 800 SF









© 2019 Sturges, LLC. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.

SITE

Property Name

Address

City, State, Zip

County

Township

Parcel No.

2017 Tax/Payable 2018

Price

Terms

Lease Rate Utilities Tenant

Lease Type Lawn & Snow Landlord

Terms Property Taxes Tenant

Availablility Property Insurance Landlord

Maintenance & Repairs Landlord

Common Area Landlord

Total Building Area Roof & Structure Landlord

Total Available SF Janitorial Landlord

Max. Contiguous Available 800 RSF

Suites Available RSF Monthly Rate

211 800 SF $1,000.00 Site Acreage

Zoning & Description

Parking Description

Parking count/ratio

Traffic Count

Property Type Electric Supplier

Year Built Natural Gas Source

No. of Stories Water & Sewer Source

Construction Type

Roof

Heating

A/C

Sprinklered

ADA Compliant

Elevators

Signage

CONTACT US

Cash at Closing

$12,588.00

Neal Bowman

Senior Broker

260 424 8448

[email protected]

Rebecca Worrell

Broker

260 424 8448

[email protected]

No

Building

$1,000/Month

Modified Gross

5 Year

At Lease Execution

7,000 SF

800 RSF

BUILDING INFORMATIONNeighborhood Center

1996

1

Wood Frame

Wood Joist/Wood Deck

Package System

Package System

No

Yes

Philip Hagee

Listing Manager

260 424 8448

[email protected]

SITE DATA

Stephanie Petras

Brokerage Marketing Assistant

260 424 8448

[email protected]

UTILITIES

ADDITIONAL INFORMATION

COMMERCIAL IMPROVED FOR SALE/LEASE

- Multi-Tenant Retail/Office Investment with Income in Place

- 7,000 SF built in 1996 on a 1.3 acre site

- Strategic Proven Location with Great Visibility / Signage

Opportunities

- Ample Parking of 45 Spaces

- Listed for Sale at $550,000; 800 SF is Available for Lease

RESPONSIBLE PARTIES

13,547 VPD

SALE INFORMATION

LEASE INFORMATION

AVAILABLE SUITES

1.3

B2

Surface

45 Spaces

Duke Energy

Vectren

City Utilities

Village Park Shoppes

225 Hauenstein Road

Huntington, IN, 46750

Huntington

$550,000

Huntington

35-05-09-100-304.300-005

202 W. Berry Street, Suite 500

Fort Wayne, IN 46802

SturgesProperty.com

260 424 8448


BOWMAN/WORRELL TEAM

Neal BowmanSenior Broker

[email protected]

Neal Bowman has been a commercial real estate professional for over 16 years. Neal is a member of the International

Council of Shopping Centers (ICSC) and Certified Commercial Investment Member (CCIM).

Neal has been involved in numerous real estate transactions throughout his career, including but not limited to: shopping centers, restaurants, multi-family homes, farmland, industrial, and office properties.

Because of Neal’s experience in commercial property investment, he is able to use his knowledge to guide investment clients to successful real estate ownership while also advising clients regarding the knowledge necessary for operating their

business and/or investment.

Philip HageeListing Manager

[email protected]

Philip Hagee joined the Sturges team in 2016 as a Property Manager and has since transferred to the Brokerage Department as a Listing Manager.

Prior to joining Sturges Property Group, Philip received his Master’s Degree in Urban and Regional Planning for Ball State University and worked as a Long Range Planner for the City of Noblesville, Indiana.

As the Listing Manager, the key purpose of Philip’s role is the facilitate efficiency and productivity of the Brokerage team. Philip ensures new listings are being launched in a timely manner, deadlines and benchmarks are being met, and proper communication is maintained between the client and Sturges

Property Group.

Rebecca WorrellBroker

[email protected]

Rebecca Worrell joined the Sturges team in 2015. She specializes in sale and leasing of retail, industrial, office space

and land. Rebecca is a member of the Indiana Commercial Board of Realtors and the National Association of Realtors.

Rebecca’s favorite thing about her job is cultivating and maintaining relationships with her clients while helping them achieve success.

When not working or volunteering with Big Brothers Big Sisters, Rebecca enjoys spending time with her family and friends, playing with her dog, and cheering for The Ohio State

University.

Stephanie PetrasBrokerage Marketing Assistant

[email protected]

As the dedicated Marketing Assistant to Neal and Rebecca, she provides day-to-day administrative and marketing support to promote their retail, industrial,

land, and office property listings. Some of her creative duties include creation and design of marketing flyers, social media and email campaigns, and on-site photography. She also assists with research, and maintaining listing databases.

For her education, Stephanie studied Interior Design and Art History at Purdue University Fort Wayne. Her past experience in graphic and web design, bookkeeping, administrative support, and customer relations have all been put to good

use in her role at Sturges.

The Bowman/Worrell Team of Sturges Property Group specializes in industrial, retail, and land real estate services. Our team

prides itself on outstanding market knowledge and the ability to facilitate harmonious relationships. The skilled Bowman/Worrell

Team delivers guidance and consultation to tenants, landlords, investors, and developers, providing a full range of services

including advisory and transaction services, acquisition and disposition strategies, and asset management.

village par shoppes...featured property highlights – multi-tenant retail/office investment with...

Documents