8805 Meridian StIndianapolis, IN 46260
Three-building medical office complex, high occupancy.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 92
Highlights
- Three-building, 72,383 SF Class B medical office park in Indianapolis, IN.
- 93% occupancy, $835,263 NOI, 7.70% cap rate; Asking price: $10,847,571 ($149.86/SF).
- Prime location on a major medical corridor near multiple hospitals (IU Health, Franciscan Health, Ascension, St. Vincent, Peyton Manning Children's).
- Strong tenant demand with 31,168 SF leased in the past 12 months, offering significant upside potential due to below-market rents.
- Excellent accessibility, less than 0.5 miles from I-465.
Property Details for 8805 Meridian St
- Property type
- Other office properties, Medical offices
- Square Feet
- 72,383 SF
- Class
- B
- Lot Size (sq. ft)
- 174,676 SF
Location Insight
- City
- Indianapolis
- County
- Marion
- State
- Indiana
- Latitude
- 39.91654469
- Longitude
- -86.1563773
Nearby Similar for Sale
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