40 Monument Cir - Office FOR SALE


Indianapolis, IN 46204
$35,000,000 USD
317-726-7305
40 Monument Cir, Indianapolis, IN for Sale
$35,000,000 USD
Office - FOR SALE
1/20
null | Request Cap Rate

40 Monument Cir
Indianapolis, IN 46204


HIGHLIGHTS

  • 40 Monument Circle includes up to 100,000 SF of Class A+ vacant office space on Monument Circle, with attached parking and unrivaled signage.
  • Rare owner/user opportunity to acquire a mixed-use, multi-tenant asset at less than half of the replacement cost for new construction.
  • Existing tenants, Star Bank, Emmis, and Urban One, provide cash flow, pending occupancy or redevelopment of the lobby and upper office floors.
  • Prestigious location with access to the highest pedestrian traffic counts in the city and media exposure along the Indianapolis skyline.

OVERVIEW

40 Monument Circle is a premier, seven-story, mixed-use office and retail asset ideally situated on Monument Circle, the epicenter of Indianapolis, Indiana's state capital. The 139,906-square-foot property offers buyers an exceptional opportunity to create a modern and unique Class A+ office and retail environment tenants desire in the post-COVID era. Tenants will enjoy unparalleled views, signage rights, and visibility in a highly walkable, vibrant, and active downtown. In addition to STAR Bank, four floors of office space are available, with an ideal floor plate of ±24,000 square feet. The spaces can be occupied by a combination of tenants up to ±100,000 square feet, and the expansive three-story lobby is ideal for conversion to tourism retail or high-end restaurant tenants. 40 Monument Circle sits in a fast-paced and research-forward community, notably one of the best business climates in the nation. The Indianapolis metro's infrastructure, location, and airport shipping services make ideal logistics ecosystems, along with the highly connected interstate system nearby. Widely referred to as the "Crossroads of America," Indianapolis represents the point of convergence for five interstates and several major markets, including Chicago, Louisville, Detroit, and Columbus, providing access to almost half of the United States population within one day's drive. 40 Monument Circle is primed to be a company's next headquarters location.

FOR SALE DETAILS

PRICE

$35,000,000 USD

PRICE/SF

$250 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Owner/User-Trophy Asset on Monument Circle

PROPERTY TYPE

Office

ADD'L SUBTYPES

Bank, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

7

BUILDING CLASS

A

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

CBD1

APN/PARCEL ID

49-11-01-240-025.000-101,49-11-01-240-029.001-101,49-11-02-251-006.000-101

ASK ABOUT THIS PROPERTY

Rebecca WellsCushman & WakefieldMore Info
317-726-7305

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Rebecca WellsCushman & WakefieldMore Info
317-726-7305

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.