8091 Township Line Rd - Medical FOR SALE


Indianapolis, IN 46260- St Vincent Greenbriar
$4,465,000 USD
317-410-8788
8091 Township Line Rd, Indianapolis, IN for Sale
$4,465,000 USD
Medical - FOR SALE
1/21
null | 9.28% Cap Rate

8091 Township Line Rd
Indianapolis, IN 46260
St Vincent Greenbriar


HIGHLIGHTS

  • Value-Add Medical/Office Asset with Strong In-Place Income
  • Ownership has completed more than $200,000 in CapEx projects within the past 12 months
  • Positioned within a major medical hub, near Ascension St. Vincent Hospital, and within minutes of I-465/I-865/I-65
  • Flexible Floor Plan Across 11 Suites Efficient ±40,707 SF layout across two floors; suited for both small and midsize tenants
  • Over 940,000 people within 10 miles, with strong incomes and access to high-quality medical infrastructure
  • Tenants reimburse for CAM, taxes, insurance, and management, supporting consistent net cash-flow

OVERVIEW

The DiSalvo | Bender | Nulf Group of Marcus & Millichap is pleased to present for sale 8091 Township Line Road, a two-story, multi-tenant medical office investment property totaling approximately 40,707 square feet. Located in the Northwest Indianapolis medical corridor, this asset sits on ±0.53 acres and features 11 tenant suites, a strong roster of healthcare and nonprofit organizations, and proximity to major hospital systems and interstates. Originally built in 1984, the property is currently 90.3% occupied and has demonstrated consistent historical leasing with a WALE of 3.26 years. This investment presents a rare opportunity to acquire a value-add medical/office asset in a core Indianapolis healthcare submarket. Market: 8091 Township Line Road is strategically located in one of the city’s most established healthcare clusters, surrounded by St. Vincent Hospital, Community Health Pavilion, and numerous specialty practices. With immediate access to I-465, I-865, and I-65, the site offers easy connectivity across the Indianapolis metro, while maintaining a suburban professional park environment. The property is 41 minutes from Indianapolis International Airport, and benefits from strong local demographics, with over 940,000 residents within a 10-mile radius and median household incomes exceeding $100,000 within 3 miles. Stable Current Tenant Mix: The tenancy features a diverse mix of established healthcare providers and service-based tenants, including Ascension St. Vincent, Axia Women’s Health, Patchwork Indy, and Dendreon. With several multi-suite users and recent lease extensions, the asset maintains predictable in-place income. The building layout supports professional medical users with multiple ingress/egress points, surface parking, and flexible suite sizes, offering long-term adaptability for tenants and future re-leasing. Why 8091 Township Line Road? This is a rare chance to acquire a value-add medical/office asset, income-generating asset with medical tenancy, high visibility, and superior access. With limited competing supply and continued growth in the healthcare sector, the property is well positioned for sustained occupancy and NOI growth in a supply-constrained submarket. Investors will benefit from below-replacement-cost pricing, long-standing tenancy, and the prestige of being within one of the most desirable medical office corridors in Indianapolis.

FOR SALE DETAILS

PRICE

$4,465,000 USD

PRICE/SF

$125 USD /SF

CAP RATE

9.28%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8091 Township Line Road

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,087 SF

ZONING

ZO01

APN/PARCEL ID

49-03-21-114-110.000-800

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 Policy.