Thomas English
Listed by Thomas English, MetaCRE
$3,995,000
The Veranda Compound
Details
APN 49-03-36-100-020.000-801
Property Type Mixed Use, Office
Sub Type Traditional Office, Executive Office
Square Footage 11,855
Cap Rate 6.76%
NOI $269,891
Tenancy Multi
Price per SqFt $337
Year Built 2006
Buildings 3
Stories 4
Acreage 0.390
Zoning MU2 & MU1 (Garage)
Parking Spaces 32 spaces
Parking per 1,000 SqFt 2.70
Investment Type Owner/User
Occupancy Date 10/22/2025
Ground Lease No
The Veranda | Mixed-Use | 11,855 SqFt | Recent Improvements
Marketing description
The Veranda Compound
Total SF: 11,855 SF:
- 9,506 SF - Veranda, 4-story bldg.
- 1,687 SF - Commercial bungalow
- 6418 Carrollton Ave.
- 662 SF - Garage/storage bldg.
- 6421 N. College Ave.
Investment highlights
Immediate acquirer occupancy opportunities.
Four-story boutique office/retail lifestyle complex.
Located in Broad Ripple Village, 1 of only 7 recognized cultural districts in Indianapolis.
Steps from the Monon Trail.
Established tenants (Bobby Cooper Salon, Barre Ripple Movement, Absolute Endodontics) with below-market rents.
Two Red Line stops within 2 blocks either direction on College Ave.
Listing Contacts
Thomas English
Listed by Thomas English, MetaCRE
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$269,891.00
$22,490.92/mo
Valuation Metrics
0
DSCR
6.76%
Cap Rate
6.76%
ROI
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