North Meridian Professional Center Office FOR SALE


Indianapolis, IN - Nora Far Northside
$9,750,741 USD
404-635-8859
, Indianapolis, IN for Sale
$9,750,741 USD
Office - FOR SALE
1/2
null | 8.5% Cap Rate

North Meridian Professional Center
Indianapolis, IN
Nora Far Northside


HIGHLIGHTS

  • Tremendous Access & Visibility
  • Strategic Medical Corridor Location
  • Attractive Annual Increases
  • Superior Demographic Base
  • Anchored By Shadeland Anesthesia & Pain

OVERVIEW

Northmarq, on behalf of ownership, is pleased to offer for sale to qualified investors the opportunity to purchase the North Meridian Medical Office Park located in Indianapolis, IN. This exceptional 72,383 square foot portfolio comprises of three multi-story medical office buildings strategically positioned on a 4-acre parcel with high visibility and seamless accessibility. Located along North Meridian St. in the heart of North Indianapolis’ medical corridor, the portfolio benefits from over 30,000 VPD. The site is anchored by Shadeland Anesthesia & Pain, which fully occupies building 8805, comprising of 16,720 square feet. The portfolio boasts a strong tenant mix with consistent rental escalations. Over 50% of Tenants have either executed renewals within the last 12-months, or have executed new, long-term leases, further solidifying the property’s stability. Additionally, landlord has secured new five (5) year leases with both Boston Orthotics and Healing & Helping, reflecting the property’s continued leasing momentum. With 4.54% vacancy remaining, a new investor has the opportunity to maximize yield by leasing the remaining vacant space and driving rental growth over the hold period. This offering presents an exceptional opportunity to acquire a high-performing medical office portfolio in a prime Indianapolis location with significant upside potential. and credit tenant mix, tremendous leasing velocity, and an exceptional healthcare location amidst a highly desirable patient population.

ASK ABOUT THIS PROPERTY

Jason PowellNorthmarqMore Info
404-635-8859

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Jason PowellNorthmarqMore Info
404-635-8859

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