• 3900 E White Ave, Clinton, IN 47842

For Sale

Office

For Sale

This property is available for sale
1.17
Acres
$8,406,636
Sale Price
  • Year Built
    2009
  • Overview

    Colliers International has been retained as the exclusive advisor for the sale of 3900 E White Avenue located in Clinton, Indiana, a three story 51,000 SF Headquarters building located in the heart of Clinton.


    Built in 2009 specifically for White Construction, the state of the art LEED Certified Silver building serves as the worldwide Headquarters for White Construction, a wholly owned company of Infrastructure and Energy Alternatives, Inc. (Nasdaq: IEA). This Absolute Net leased asset provides investors the opportunity to acquire a top in market asset at below replacement costs with a long term institutional credit tenant. The absolute net structure of the lease creates a low maintenance investment opportunity while providing yield appreciation through the market rental rate bumps within the contracted lease.

    High Quality LEED Silver certified facility built in 2009
    White Construction is a fully owned subsidiary of Infrastructure and Energy Alternatives, Inc. (NASDAQ: IEA)
    White Construction has a 65 year operating history in Clinton, IN
    Long term Absolute Net Lease with 18 years remaining, corporate guaranteed by IEA, with no Landlord responsibilities
    Contracted 1.5% annual rental rate increases provide investors unmatched yield appreciation throughout the term

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Property Details

Single Tenant Net Leased Headquarters

Colliers International has been retained as the exclusive advisor for the sale of 3900 E White Avenue located in Clinton, Indiana, a three story 51,000 SF Headquarters building located in the heart of Clinton.


Built in 2009 specifically for White Construction, the state of the art LEED Certified Silver building serves as the worldwide Headquarters for White Construction, a wholly owned company of Infrastructure and Energy Alternatives, Inc. (Nasdaq: IEA). This Absolute Net leased asset provides investors the opportunity to acquire a top in market asset at below replacement costs with a long term institutional credit tenant. The absolute net structure of the lease creates a low maintenance investment opportunity while providing yield appreciation through the market rental rate bumps within the contracted lease.

High Quality LEED Silver certified facility built in 2009
White Construction is a fully owned subsidiary of Infrastructure and Energy Alternatives, Inc. (NASDAQ: IEA)
White Construction has a 65 year operating history in Clinton, IN
Long term Absolute Net Lease with 18 years remaining, corporate guaranteed by IEA, with no Landlord responsibilities
Contracted 1.5% annual rental rate increases provide investors unmatched yield appreciation throughout the term

  • Property Type
    Office
  • Submarket
  • Year Built
    2009
  • Sale Price
    $8,406,636
  • Total Acres
    1.17
  • Cap Rate
    8.0%
  • Property ID
    2041703

Landlord's Sales Representatives

  • Alex Cantu
    Colliers International
     
  • Alex Davenport
    Colliers International