6625 Network Way - Light Distribution FOR SALE


Indianapolis, IN 46278- Trader's Point
$11,722,000 USD
317-410-8788
6625 Network Way, Indianapolis, IN for Sale
$11,722,000 USD
Light Distribution - FOR SALE
1/23
null | 7.62% Cap Rate

6625 Network Way
Indianapolis, IN 46278
Trader's Point


HIGHLIGHTS

  • Flexible Office / Warehouse Configuration with integrated warehouse space, multiple dock-high doors, and drive-in loading
  • Landlord-Favorable Lease Structure with the majority of tenants operating under NNN or base-year expense stop leases
  • Over $1.9 Million Invested Since 2022 including a new roof, parking lot improvements, major tenant build-outs, HVAC replacements & electrical upgrades
  • Immediate access to I-465, I-65 & I-865
  • 15 minutes from downtown Indianapolis

OVERVIEW

Intech Eleven presents the opportunity to acquire a 100% occupied, institutional-quality office and flex asset totaling 89,506 square feet in Indianapolis' highly desirable Northwest office corridor. Strategically positioned with immediate access to I-465, I-65, and I-865, the property provides exceptional regional connectivity while remaining just 15 minutes from Downtown Indianapolis and approximately 20 minutes from Indianapolis International Airport. This premier location has attracted a diverse tenant roster spanning healthcare, professional services, corporate, and industrial support users, generating stable and diversified cash flow. The lease profile offers a 5.37-year weighted average remaining lease term (WALT), creating predictable income and long-term stability. WHY INTECH ELEVEN? - Long-term NNN lease structure with 100% occupancy - Weighted average lease term of 5.37 years - Strategic location to Indianapolis International Airport, I-465, and downtown Indianapolis - Over $1.9 million invested in capital improvements since 2022 INVESTMENT HIGHLIGHTS - Flexible Office/Warehouse Layout with dock-high and drive-in loading supporting office, lab, industrial, and service users - Diversified Tenant Mix across healthcare, professional services, laboratory, industrial, and corporate sectors - Landlord-Favorable Leases with primarily NNN and base-year expense stop structures - Stable Cash Flow backed by full occupancy, diversified tenancy, favorable lease terms, and recent capital improvements MARKET & LOCATION HIGHLIGHTS - Positioned in Indianapolis' highly desirable Northwest office corridor - Immediate access to I-465, I-65 & I-865 - Approximately 15 minutes from downtown Indianapolis - Approximately 20 minutes from Indianapolis International Airport

FOR SALE DETAILS

PRICE

$11,722,000 USD

PRICE/SF

$132 USD /SF

CAP RATE

7.62%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Intech Eleven

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Distribution

ADD'L SUBTYPES

undefined, Warehouse, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

UTILITIES

Lighting, Water

CLEAR CEILING HT

20 Ft

DOCKS

5

DRIVE INS

4

PARKING SPACES

362

LAND DETAILS

LAND ACRES

7.7

LAND SF

335,412

ZONING

CS

APN/PARCEL ID

49-04-35-117-023.000-600

ASK ABOUT THIS PROPERTY

Joseph DiSalvoMarcus & MillichapMore Info
317-410-8788

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Joseph DiSalvoMarcus & MillichapMore Info
317-410-8788

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