55 Brendon Way - Medical FOR SALE


Zionsville, IN 46077
$4,300,000 USD
317-410-8788
55 Brendon Way, Zionsville, IN for Sale
$4,300,000 USD
Medical - FOR SALE
1/8
null | 8.01% Cap Rate

55 Brendon Way
Zionsville, IN 46077


HIGHLIGHTS

  • 100% Leased Multi-Tenant Medical Office Building – 21,072 SF
  • Strong Tenant Mix Including Community Health Network & VCA Animal Hospitals
  • WALE of 3.52 Years with Near-Term Upside Through Mark-to-Market Leases
  • Located in Zionsville – One of the Wealthiest and Fastest-Growing Suburbs in Indiana
  • Dense Surrounding Demographics – $193,846 Avg. HH Income Within 3 Miles
  • Zoned B2 – Permitting Medical, Dental, and General Office Use

OVERVIEW

The DiSalvo | Bender | Nulf Group of Marcus & Millichap is pleased to present to market the Zionsville Medical Center – a high-quality, 8-suite multi-tenant medical office building totaling approximately 21,072 square feet. Situated on 2.05 acres, the property is 100% leased to a diverse mix of medical and service-oriented tenants, including nationally recognized names like Community Health Network and VCA Animal Hospitals. With its combination of strong in-place income and strategic location within the affluent Indianapolis suburb of Zionsville, the property offers investors an attractive stabilized return with future upside via mark-to-market leasing. Market: Zionsville is among the most affluent and fastest-growing communities in Indiana, located within the Indianapolis MSA. Known for its high household incomes, strong school systems, and expanding residential base, Zionsville has become a highly desirable destination for healthcare and office users alike. The property benefits from excellent regional connectivity with quick access to I-865, I-465, and US-421, and is just 26 minutes from Indianapolis International Airport. Within a 5-mile radius, the area is home to over 144,000 residents and boasts an average household income of $193,846, supporting long-term tenant demand and strong leasing fundamentals. Why Zionsville Medical Center? Zionsville Medical Center offers investors the rare opportunity to acquire a fully leased, cash-flowing medical office asset in one of Indianapolis’ most desirable submarkets. The asset presents strong in-place yield with near-term upside. The property’s strategic location, institutional-quality tenancy, and medical office use make it a highly defensible investment offering both stability and growth. Location: The property is located at 55 Brendon Way, just off Michigan Road (US-421), minutes from major interstates and retail conveniences. Zionsville’s proximity to Indianapolis, combined with its premier demographics and reputation as a healthcare corridor, positions the asset in one of the metro’s most secure and resilient submarkets. The property is surrounded by retail, residential, and medical users, and offers convenient access for both patients and providers. Stable Current Tenant Mix: The property is currently 100% leased to eight tenants with a weighted average lease term of 3.46 years. The anchor tenants include Community Health Network (6,462 SF, through 2032) and VCA Animal Hospitals (4,996 SF, through 2026), both nationally recognized names in the healthcare sector. Several tenants have been in occupancy for over a decade, demonstrating stickiness to the location. The diverse tenant mix provides immediate cash flow with future upside through contractual rent increases and the potential to mark expiring leases to market. Property Features: Constructed in 1992, Zionsville Medical Center is a single-story brick masonry medical office building with a pitched shingle roof and a concrete slab foundation. The building features eight separate suites and offers generous surface parking with 75 spaces (3.57/1,000 SF). Zoned B-2, the property allows for continued medical, dental, or general office use. The asset’s efficient layout, excellent visibility, and established tenant base make it an ideal long-term hold.

FOR SALE DETAILS

PRICE

$4,300,000 USD

PRICE/SF

$179 USD /SF

CAP RATE

8.01%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Zionsville Medical Center

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

2.05 AC

LAND SF

89,298 SF

ZONING

B2

APN/PARCEL ID

06-04-02-000-006.004-006

ASK ABOUT THIS PROPERTY

Joseph DiSalvoMarcus & MillichapMore Info
317-410-8788

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

Joseph DiSalvoMarcus & MillichapMore Info
317-410-8788

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