Stony Creek Flex/Office Building
Industrial | 15,200 SqFt
Marketing description
Forza Commercial Real Estate is pleased to present Stony Creek Flex/Office Building, a 100% leased, NNN and gross lease flex/industrial investment located at 15252 Stony Creek Way, Noblesville, IN 46060, offered at $2,100,000 (~$138/SF). This offering is presented on behalf of the seller and represents an opportunity to acquire a fully stabilized, income-producing asset in an affluent Indianapolis suburb.
The property totals 15,200sf, with13,608 RSF and is fully occupied by three tenants — Cork Medical (Suite 101, 3,000 SF), Nuts & Bolts (Suite 102, 2,640 SF), and Rehab Medical (Suite 103, 7,968 SF) — under NNN and gross lease structures with staggered expirations through 2029–2031 and annual rent escalations. 80% of the leases offer expense pass-throughs to tenants, insulating ownership from operating cost exposure and providing predictable, growing net income.
The property will generate total income of $223,547 in 2026, including $55,535 in NNN reimbursements, reflecting the strength of the in-place lease structure. With 100% occupancy, a medical and service-oriented tenant mix, and a well-located flex/industrial asset priced at $2,100,000 (~$138/SF), Stony Creek presents investors with a compelling, low-management income opportunity. Qualified buyers are encouraged to contact Forza Commercial Real Estate for additional due diligence materials and to submit offers.
Investment highlights
- Offered at $2,100,000 (~$138/SF) for a 15,200 SF flex building — a compelling entry basis for a fully stabilized, income-producing asset.
- Three tenants, zero vacancy. 2 of 3 Tenants with NNN leases pass operating expenses — taxes, insurance, and CAM — to tenants, delivering clean, predictable net cash flow to ownership.
- Annual rent bumps of $0.20–$0.25/SF across all three leases drive compounding NOI growth, with total in-place annual rent of $176,655 growing each year.
- Lease expirations spread across 2029 (Cork Medical & Nuts and Bolts) and 2031 (Rehab Medical) eliminate simultaneous rollover risk and support long-term income continuity.
- Cork Medical (3,000 SF) and Rehab Medical (7,968 SF) anchor the rent roll with recession-resistant healthcare demand. Service tenants provide complementary daily-needs traffic.
- Located in one of Indiana's fastest-growing counties, the asset benefits from high household incomes, population growth, and robust demand for medical and service-oriented retail.
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