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3530 S Keystone Avenue - Keystone Office, Indianapolis, IN

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DetailMap
3530 S Keystone Avenue - Keystone Office

Indianapolis, IN 46227-3611 - Edgewood/South County Submarket


Property Type:Office Sub Type:- Status:Existing Year Built:1977
Stories:3 Typical Floor:10,000 SF Building Size:30,000 SF
% Leased:
For Sale Price:For Sale Price/SF:-
Cap Rate:-
Smallest Space:1,500 SF Largest Space:9,000 SF Total Space Avail:9,000 SF Rent/SF/Yr:
$10.00 - $14.00
Parking:Free Surface spaces are available; Ratio of 4.89/1,000 SF


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 2nd
4,000 SF
$10.00 - $14.00/SF/Yr
Vacant
2-5 yrs
Office
 3rd
1,500 SF-5,000 SF
$10.00 - $14.00/SF/Yr
Vacant
1-3 yrs
Office
 
7976073
7707420
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
2nd
4,000 SF
$10.00 - $14.00/SF/Yr
Vacant
2-5 yrs
Office
3rd
1,500 SF-5,000 SF
$10.00 - $14.00/SF/Yr
Vacant
1-3 yrs
Office
Landlord would be willing to offer rate of $10.00 per SF if 5,000 SF is leased together.

Sale Notes:
Starting Bid: $300,000
Participation Deposit: $5,000
Auction Starts: 12/12/2016
Auction Ends: 12/14/2016

Property Tour and Contact Detail Information:
Property Tours are available by appointment only. Please contact the listing broker Matt Jackson to schedule a tour. PLEASE DO NOT DISTURB THE TENANTS.

Investment Highlights:
• Extremely well located adjacent to I-65 and five minutes from downtown Indianapolis
• Excellent value-add potential
• Very well maintained Class-B office

Investment Overview:
The subject property is approximately 30,000 square feet of office space located on approximately 2.76 acres and was originally constructed in 1977. The anchor tenants of the property include Boys & Girls Clubs of America leasing approximately 4,420 square feet and Retired Indiana Public Employees Association, Inc. leasing 1,617 square feet.

The property currently has an occupancy rate of 40% with below market rents allowing for a buyer to realize the upside of the property both in lease up as well as stabilization towards market rents.
Located right at the second I-65 and South Keystone Avenue intersection from downtown, the property provides an easy five minute access/commute to downtown Indianapolis and is convenient to all of Indiana via Interstates I-465, I-65, I-69, I-70, and I-74.

Ronald J. Bombei
Ron Bombei
(317) 702-6079

  
Jackson IG
Matt Jackson
(317) 340-3969

  
Ten-X, LLC
Ten-X Commercial
(800) 793-6107

Michael Zacharski
(949) 790-6427


Ronald J. Bombei
Ron Bombei
(317) 702-6079



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