8802 MADISON AVE Indianapolis IN 46227-6459

The subject property is a one story, brick construction office building that requires minimal landlord maintenance. A new roof was put on the property in 2014 and four of the HVAC units have recently been replaced as well. The three miles radius surrounding this property features an office vacancy rate of just 4.8% and average gross rents of $20 per square foot, per a CoStar report. With a low submarket vacancy rate and no new construction coming online, office vacancy rates will continue to shrink and rents will continue to rise in this area.

The Southside of Indianapolis is quickly becoming one of the preferred locations to lease office space in the city due to its respectively low rental rates and its proximity to the major highway systems. The Southside also has one of the fastest growing populations in the Indianapolis MSA, likely due to the low cost of living, and affordable housing options. With a growing population and a booming local economy, this property should provide an investor with stable cash flow for years to come.

• Convenient Location with easy Highway Access to US 31, Interstate 465, and I-65
• Just 20 Minutes to Downtown Indianapolis
• 19% Vacancy Upside for New Ownership
• Located just North of the Greenwood Park Mall, One of the Largest Malls in the State
• 11,500 Square Foot Medical/ Professional Office Building