1315 S Sherman Dr - Health Club FOR SALE


Indianapolis, IN 46203- Near Southeast
$5,212,168 USD
310-844-9370
1315 S Sherman Dr, Indianapolis, IN for Sale
$5,212,168 USD
Health Club - FOR SALE
1/5
null | 6.65% Cap Rate

1315 S Sherman Dr
Indianapolis, IN 46203
Near Southeast


OVERVIEW

Sands Investment Group is pleased to exclusively present for sale the 18,817 SF Centria Autism facility located at 1315 S Sherman Dr in Indianapolis, Indiana. The property is nearing completion of a remodel, including a custom tenant build-out, with rent projected to commence on March 1, 2026. The offering features a passive lease structure with residual value protection, including a 14-year Absolute Triple Net (NNN) Lease with no landlord responsibilities. The lease also provides above-market annual rent escalations of 2.5%, ensuring a secure and predictable investment opportunity. Please visit SIG (link below) to execute NDA to view OM. In Cooperation With Sands Investment Group Indiana, LLC - Lic. #RC52000211 BoR: Andrew Ackerman - Lic. IN #RB20001918

FOR SALE DETAILS

PRICE

$5,212,168 USD

PRICE/SF

$277 USD /SF

CAP RATE

6.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Centria Autism - Indianapolis, IN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Health Club

ADD'L SUBTYPES

Day Care Center, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

3.72 AC

LAND SF

162,043 SF

ZONING

C1

APN/PARCEL ID

49-10-16-131-015.000-101

ASK ABOUT THIS PROPERTY

Benjamin BrighamSands Investment Group Santa Monica, LLCMore Info
310-844-9370

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Benjamin BrighamSands Investment Group Santa Monica, LLCMore Info
310-844-9370

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.