1305 Cumberland Avenue

The subject property sits at the intersection of Sagamore Parkway, a dominant east west Tippecanoe County thoroughfare, and Cumberland Avenue, a main gateway into the Purdue Research Park. The proximity to the Park affords tenants of the Pritsker the opportunity to tap into the many resources available through Purdue Research Park and Purdue University, a world class STEM school. The Purdue Research Park is home to the largest cluster of tech-based companies in the state, with 100+ currently calling it home. Most recently, the Purdue Research Park has announced its most significant expansion into the semiconductor industry with a recently approved $4 billion investment from SK Hynix, a leading semiconductor manufacturer. SK plans to commence construction of its semiconductor advanced packaging facility (an integral part of the backbone to AI) in 2025 and begin hiring in 2028. The facility expects to create over 1,000 high wage jobs. Further, the 725-acre park boasts more than 50 buildings which are home to more than 3,200 employees. Supporting services within the park include co-working spaces, foodservice providers, and a fitness center. Beyond the Research Park but within the immediate area there are ample housing options across a broad spectrum of prices which provide great opportunity for residents looking to live close to work.The subject property is a two story suburban office building located in coveted West Lafayette, IN at the doorstep to the Purdue Research Park. The grounds are pleasantly landscaped with mature trees providing a peaceful work setting. The building features a bright an airy atrium entrance and offers a variety of nicely appointed office suites. An elevator and stairway serve the second level. Base rent includes everything except tenant janitorial, phone, and internet. As additional rent tenants pay their proportionate share of real estate taxes and insurance. The current estimate for real estate taxes and insurance is $2.42/sf.