$5,500,000
Marion County Coronors
Details
Property Type Multifamily, Office
Sub Type Medical Office, Flex
Square Footage 25,476
Cap Rate 6.82%
NOI $375,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 12/31/2024
Price per SqFt $216
Broker Co-Op Yes
Class B
Year Built 1954
Year Renovated 2002
Buildings 1
Stories 2
Acreage 0.400
Zoning I-4
Parking Spaces 35 spaces
Parking Per SqFt 1.37
Investment Type Institutional
Tenant Credit Corporate Guarantee
Occupancy Date 01/01/2001
Ceiling Height 13
Loading Docks 1
Dock High Doors 1
Sale Condition For sale by owner
Multifamily | 6.82% CAP
Marketing description
Located between the Colts stadium and the home to the Indy Eleven stadium www.elevenpark.com
Great future redevelopment opportunity.
Net Leased to Marion County City of Indianapolis until Dec 2024
The subject site is improved with a 2-story office building including a 20’x30’ service garage and a glass entry vestibule, and renovations were made to the building in 2002. The building has 2 floors above grade with a floor area of 17,203 square feet and an 8,273 square foot mostly finished basement. There is elevator access to each of the three floors. The building is currently for office and investigative purposes by the Marion County Coroner’s Office.
The subject property of .373 acres 165 feet of frontage along the south side McCarty Street
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$375,000.00
$31,250.00/mo
Valuation Metrics
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DSCR
6.82%
Cap Rate
6.82%
ROI
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