The DiSalvo | Bender | Nulf Group of Marcus & Millichap is pleased to present to market 5455 W 86th St—a fully leased, 24,362-square-foot multi-tenant professional office building situated in the thriving northwest Indianapolis submarket. This well-maintained property features modernized finishes and amenities, offering both stability and potential growth for investors. With its strategic location and diverse tenant mix, 5455 W 86th St provides strong in-place cash flow and represents a compelling opportunity to invest in a growing market.
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Market
5455 W 86th St is located in the Indianapolis Metropolitan Statistical Area (MSA), the 33rd largest metro area in the United States. Known as a transportation hub and burgeoning tech and healthcare market, Indianapolis offers a highly favorable business environment with a growing population of over 2.1 million residents. The metro area is projected to experience continued growth, adding over 86,000 residents and nearly 37,000 households through 2027. This strong economic foundation makes Indianapolis an attractive location for both businesses and investors.
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Location
This property is strategically positioned in Indianapolis’ northwest corridor, offering exceptional visibility and accessibility. Located minutes from Interstate 465 and key thoroughfares, tenants enjoy seamless connectivity to the broader Indianapolis market and beyond. The property is surrounded by a mix of commercial and residential developments, with nearby amenities including restaurants, retail, and healthcare facilities, further enhancing its desirability for professional tenants.
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Property Features
5455 W 86th St is a modern two-story office building with approximately 24,362 square feet of gross leasable area. The property sits on a 1.96-acre lot and was constructed in 1979, with significant renovations completed in 2020. Key features include:
• Tenant Flexibility: Configurable office layouts designed to accommodate various tenant needs.
• Modern Amenities: Recently updated finishes and infrastructure, including high-speed internet.
• Parking Convenience: 129 free surface spaces, offering a parking ratio of 5.00/1,000 SF—a rarity in the market.
• Efficient Design: A concrete slab foundation and masonry exterior ensure long-term durability and appeal.
Stable Current Tenant Mix
The property is fully leased to a strong mix of tenants, ensuring consistent income for investors. The tenant base includes professional service providers and businesses in industries well-aligned with the Indianapolis market's growth sectors, such as healthcare, technology, and finance. This diversity minimizes tenant risk while capitalizing on demand for high-quality office spaces.
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Why 5455 W 86th St?
5455 W 86th St offers investors the chance to acquire a stable, income-producing asset in a top-performing market. The property’s fully leased status, strong tenant mix, and competitive amenities provide a reliable cash flow foundation, with potential upside in future rent escalations. Indianapolis’ ongoing economic expansion and the property’s strategic location make this a standout investment opportunity.
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Location Highlights:
• Strategic Positioning: Located near I-465 and other key routes, providing excellent regional connectivity.
• Thriving Market: Indianapolis MSA, a growing metro with a population exceeding 2.1 million and strong business presence.
• Surrounding Amenities: Close to restaurants, retail, and healthcare facilities, ideal for professional tenants.
• Projected Growth: The area’s anticipated population and household increases underscore long-term investment potential.
• Cost-Efficient Market: The region’s lower cost of doing business and living makes it an attractive destination for employers and employees alike.