5342 W Vermont St - Office FOR SALE


Indianapolis, IN 46224- Garden City
$2,999,900 USD
317-443-5016
5342 W Vermont St, Indianapolis, IN for Sale
$2,999,900 USD
Office - FOR SALE
1/14
null | 7.41% Cap Rate

5342 W Vermont St
Indianapolis, IN 46224
Garden City


HIGHLIGHTS

  • OWNER/INVESTOR: NNN Lease (12-31-2027 Exp.), $222,202 NOI, 7.41 CAP, 2% Annual Base Escalations.
  • OWNER/USER: Current Tenant Will Vacate or Lease Partial Square Footage.
  • SELLER FINANCING AVAILABLE.
  • 19,700 SF - Class B+ Office Building
  • Multiple Conference Rooms, Meeting, Training, Flex, Coworking Space, Wet Bar and Media Center w/50+ person capacity
  • New Roof and Gutters 2017

OVERVIEW

Situated within a luxurious park-like setting, and boasting abundant natural light, this exceptionally well maintained, Class B+ office building is located at the northwest corner of W Vermont St and N Lynhurst Dr. With multiple 5-minute approaches to I-465 via both Rockville Road and W 10th Streets, and only 14 minutes to Indianapolis International Airport, the property is ideally suited for Owners and Users alike to enjoy and prosper. The property is located 7 minutes from the Indianapolis Motor Speedway, with all the related motorsport and additional businesses/industries expanding in the immediate area. The surrounding areas also provide access to abundant dining, retail, entertainment, and lodging opportunities. The current tenants occupy the full 19,700 SF but are willing to negotiate either full vacancy or a small percentage of the space. NOTE: While FEMA / DNR FIRMS show the property is located within a 500-year floodplain the property is actually over 30 ft. above the Base Flood Elevation (BFE), (See associated documentation.) No Flood Insurance is currently required, but if desired a LOMR can be secured to have the property completely removed from the Flood Insurance Rate Map (FIRM).

FOR SALE DETAILS

PRICE

$2,999,900 USD

PRICE/SF

$152 USD /SF

CAP RATE

7.41%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.96 AC

LAND SF

85,378 SF

ZONING

C-4

APN/PARCEL ID

49-12-01-116-008.000-900

ASK ABOUT THIS PROPERTY

Michael HuffKeller Williams Indy Metro SouthMore Info
317-443-5016

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Michael HuffKeller Williams Indy Metro SouthMore Info
317-443-5016

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