12411 Pennsylvania StCarmel, IN 46032

For Sale
$6,500,000

Class A Office, 100% Occupancy, 18,841 RSF

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional Carmel, Indiana office building, located at 12411 N Pennsylvania St, 46032, presents a unique investment opportunity. Boasting 18,841 square feet of net rentable space across three stories, this Class A property, built in 2017, sits on a 0.77-acre lot and enjoys a coveted location at the intersection of Old Meridian and Pennsylvania Streets, adjacent to Republic Airlines' new headquarters. The building features an innovative design with abundant natural light from expansive windows and a spacious rooftop gathering area. Currently 100% occupied by six high-quality tenants including Edward Jones, First Financial Bank, Cooper Risk Advisors, The Plaid Agency, Leo Brown Group, and Encore Sotheby's International Realty, this stabilized investment offers a gross lease structure. The property is zoned for office use and includes a potential first-floor turnkey suite ideal for an owner-occupant. This multi-tenant building represents a strong investment opportunity with significant upside potential. The asking price is $6,500,000.

Highlights

  • $6,500,000 asking price for a stabilized Class A office building.
  • 18,841 square feet of net rentable space in a 100% occupied, multi-tenant building (6 tenants).
  • Located in Carmel, Indiana, at 12411 N Pennsylvania St, 46032.
  • Gross lease type, built in 2017, with three stories on a 0.77-acre lot.
  • Broker co-op available.

Property Details for 12411 Pennsylvania St

Property type
Other office properties, Office properties
Class
A
Year Built
2017
Buildings
1
Stories
3
Lot Size (sq. ft)
33,541 SF

Location Insight

City
Carmel
County
Hamilton
State
Indiana
Latitude
39.968868302842
Longitude
-86.155212162627
12411 Pennsylvania St, Carmel, Indiana

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12411 Pennsylvania St
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