5629 Professional Cir - Office FOR SALE


Indianapolis, IN 46241- Park Fletcher
$4,100,000 USD
312-327-5470
5629 Professional Cir, Indianapolis, IN for Sale
$4,100,000 USD
Office - FOR SALE
1/11
null | Request Cap Rate

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5629 Professional Cir
Indianapolis, IN 46241
Park Fletcher


HIGHLIGHTS

  • Value-add investment/owner-user industrial/flex offering
  • Strategic location | Immediate Access to I-465 & I-70
  • Located directly next to Indianapolis International Airport
  • Low basis – Priced well-below replacement cost
  • 20-year roof warranty in place

OVERVIEW

The Doughty Industrial Group of Marcus & Millichap is pleased to present the sale offering of 5739 Professional Cir, a value-add investment or owner-user industrial offering located in Indianapolis, Indiana. The property resides on the near southwest side of Indianapolis, and is located directly next to Indianapolis International Airport, with immediate access to I-465 and I-70, offering interstate access to the greater Indianapolis Area and the Midwest. The subject property consists of 2 units, one of which could be divided into multiple units, totaling 64,858 square feet, with 48,876 square feet of warehouse space, and 15,982 square feet of office space. The property sits on 3.53 acres and was originally constructed in 1967, with multiple additions added on since it’s construction. The property is currently partially occupied by one tenant, Tower Communications Expert, occupying 16.22% of the property, while 54,341 square feet of the property is currently vacant. Tower Communications Expert operates on a net lease at a rate of $5.89/SF NNN which expires at the end of April 2026, and the tenant is open to negotiating an extension or new lease. The purchase of this offering presents an investor or owner-user with the opportunity to acquire a highly functional industrial/flex property with value-add upside that’s strategically located next to Indianapolis International Airport and major interstates, offering significant distribution access.

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$63 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1967

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

3.53 AC

LAND SF

153,767 SF

ZONING

I

APN/PARCEL ID

49-12-24-102-060.000-900

ASK ABOUT THIS PROPERTY

Peter DoughtyMarcus & MillichapMore Info
312-327-5470

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Peter DoughtyMarcus & MillichapMore Info
312-327-5470

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