HIGHLIGHTS
- Investment-Grade Credit Tenant – Leased to Community Health Network, a leading regional healthcare system with an A+ S&P credit rating
- Recently Exercised Lease Renewal – Tenant recently exercised a five-year renewal, demonstrating continued commitment to the location
- Built-In Rent Growth – Lease features 2.5% annual rental increases, offering predictable cash flow growth and a hedge against inflation.
- Stabilized Single-Tenant Medical Asset – ±6,800 square foot medical office building situated on ±1.04 acres, requiring minimal management.
- Strategic Indianapolis Location – Positioned in a well-established medical and commercial corridor on Indianapolis northeast side
- Recession-Resistant Use – Medical office real estate historically outperforms through economic cycles, supported by essential healthcare services.
FOR SALE DETAILS
PRICE
$2,061,935 USD
PRICE/SF
$260 USD /SF
CAP RATE
7.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
B
YEAR BUILT
2003
SPRINKLERS
-
PARKING SPACES
30
LAND DETAILS
LAND ACRES
1.04 AC
LAND SF
45,477 SF
ZONING
-
APN/PARCEL ID
49-08-05-107-006.000-407
ASK ABOUT THIS PROPERTY
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847-204-7103
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847-204-7103
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