4550 Victory Ln - Office FOR SALE


Indianapolis, IN 46203- South Emerson
$5,750,000 USD
317-726-7305
4550 Victory Ln, Indianapolis, IN for Sale
$5,750,000 USD
Office - FOR SALE
1/7
null | 8.05% Cap Rate

4550 Victory Ln
Indianapolis, IN 46203
South Emerson


HIGHLIGHTS

  • Investment grade tenancy backed by State of Indiana - "AAA" credit
  • Well-funded agency with critical mission and long-term tenancy in the building creating a high likelihood of renewal
  • Strategic location with easy highway access to both I-465 and I-65
  • Long-term tenant with significant investment in the building

OVERVIEW

Excellent 1031 Exchange asset with extremely secure cash flow for the long-term investor. The State of Indiana FSSA – Division of Family Resources has been in this property for many years. Just renewed for five years (max renewal period for the state) and renovated in 2024 to meet tenant's specifications. Lease rate escalates by $.25/SF annually. Tenant is also reimbursing Landlord for its tenant improvements over the next 3 years, this amount is not included in the NOI. Outstanding TI loan balance will be added to the purchase price at closing. Click the links in the brochure to receive more information! Contact Rebecca Wells at 317-726-7305 with questions or to arrange a tour.

FOR SALE DETAILS

PRICE

$5,750,000 USD

PRICE/SF

$143 USD /SF

CAP RATE

8.05%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

"AAA" Credit State of Indiana - 5-Year Lease

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

220

LAND DETAILS

LAND ACRES

5.64 AC

LAND SF

245,678 SF

ZONING

CS

APN/PARCEL ID

49-10-34-105-001.000-300

ASK ABOUT THIS PROPERTY

Rebecca WellsCushman & WakefieldMore Info
317-726-7305

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Rebecca WellsCushman & WakefieldMore Info
317-726-7305

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