Press Releases
Marcus & Millichap Arranges Sale of 25-Suite Office Property in Indianapolis
July 30, 2025
INDIANAPOLIS, July 30, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of 5455 W. 86th Street, a 24,362-square-foot office building in Indianapolis, Indiana
“This transaction reflects the continued strength of the small office market in Indianapolis,” said Joseph DiSalvo, senior managing director investments. “The property went under contract within 45 days and closed relatively smoothly with minimal changes from the original Purchase Agreement, which speaks to both the demand for well-located, multi-tenant office buildings and the appeal of this asset to new investors. With a sale price well over $100 per square foot, this deal underscores the strong fundamentals in this segment and positions the buyer for long-term success.”
The DiSalvo | Bender | Nulf Group, investment specialists in Marcus & Millichap’s Indianapolis office, had the exclusive listing to market the property on behalf of the seller.
The fully leased, two-story building is located in northwest Indianapolis near I-465 and receives visibility from more than 35,142 vehicles per day along West 86th Street. Built in 1979 and fully renovated in 2020, it features modern finishes, a diverse tenant mix, and proximity to restaurants, retail and healthcare amenities.
“This transaction reflects the continued strength of the small office market in Indianapolis,” said Joseph DiSalvo, senior managing director investments. “The property went under contract within 45 days and closed relatively smoothly with minimal changes from the original Purchase Agreement, which speaks to both the demand for well-located, multi-tenant office buildings and the appeal of this asset to new investors. With a sale price well over $100 per square foot, this deal underscores the strong fundamentals in this segment and positions the buyer for long-term success.”
The DiSalvo | Bender | Nulf Group, investment specialists in Marcus & Millichap’s Indianapolis office, had the exclusive listing to market the property on behalf of the seller.
The fully leased, two-story building is located in northwest Indianapolis near I-465 and receives visibility from more than 35,142 vehicles per day along West 86th Street. Built in 1979 and fully renovated in 2020, it features modern finishes, a diverse tenant mix, and proximity to restaurants, retail and healthcare amenities.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
