1311 96Th StIndianapolis, IN 46260

For Sale
$3,125,000

24,800 SF, 7.04% Cap Rate, $3.125M

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional two-story, 24,800 square foot Class B office building presents a compelling investment or owner-user opportunity in Indianapolis, Indiana. Located at 1311 W. 96th Street, 46260, this multi-tenant property boasts a strong 7.04% capitalization rate and a net operating income (NOI) of $220,000, with an asking price of $3,125,000 ($126.01 per square foot). The building's design incorporates two main entrances, offering potential for dual occupancy or separate leasing opportunities. Investors will appreciate the value-add potential to increase rental income through property improvements. Owner-users will benefit from the substantial, well-located space, offering significant visibility and the option to lease a portion of the building for supplemental income. This property is situated in Marion County and provides a rare combination of high visibility and low cost per square foot in a desirable Indianapolis location. The building's size and layout offer considerable flexibility for a variety of business needs. This is a unique opportunity to acquire a well-positioned asset with significant upside potential.

Highlights

  • Exceptional two-story, 24,800 SF Class B office building in Indianapolis, IN.
  • Located at 1311 W. 96th Street, 46260, Marion County.
  • Strong 7.04% capitalization rate and $220,000 NOI.
  • Asking price: $3,125,000 ($126.01/SF).
  • Dual entrances allow for multi-tenant occupancy or owner-user with lease potential.
  • Significant value-add potential for increased rental income.

Property Details for 1311 96Th St

Property type
Other office properties, Office properties
Square Feet
24,800 SF
Class
B
Stories
2

Location Insight

City
Indianapolis
County
Marion
State
Indiana
Latitude
39.925504
Longitude
-86.1825355
1311 96Th St, Indianapolis, Indiana

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1311 96Th St
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