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Office Medical

County Line Medical Office

555 E County Line Rd, Indianapolis, IN 46237

Listing Price: $8,537,000

Cap Rate
7.44%
Gross SF
54,134
Rentable SF
54,134
Price/Gross SF
$157.70
Occupancy
100.0%
Year Built
2001
Lot Size
3.82 acres

Investment Overview

Marcus & Millichap is pleased to present County Line Medical Office Building (CL-MOB) in Indianapolis, Indiana. CL-MOB is situated on an approximately 2-acre parcel and occupies a 57,024 square-foot building that houses a variety of medical office tenants. The building sits just off County Line and Emerson Avenue in the Indiana American Office Park, a premier medical office park. Some of the tenants at the property include Community Health Network, Midwest Eye Institute, Fairway Mortgage, and Goodman Campbell Brain and Spine. The property is located just off Interstate 65 in Indiana, one of the major thoroughfares leading through the state, seeing around 100,000 vehicles per day. The positioning on County Line Road, seeing over 31,000 vehicles per day, is just on the edge of Greenwood and the southside of Indianapolis. Currently the southside of Indianapolis/Greenwood is one of the fastest growing suburbs in the area. The area is encompassed by numerous amounts of local, regional and national companies and retailers. The Southside of Indianapolis has quickly become one of the preferred locations to lease commercial space in the city due to its respectively low rental rates and its proximity to the major highway systems. The Southside also has one of the fastest growing populations in the Indianapolis MSA due to the high growth of popular retailers and a variety of affordable housing options.

Investment Highlights

  • Multi-Tenant MOB with Recent Extension on Anchor Tenant
  • One of the Fastest growing MSA's in the Indianapolis Area
  • 32% of the Center is Leased Through 2027 or Beyond
  • Surrounded by many National, Regional, and Local Medical Office Tenants
  • Tremendous Location Fundamentals with Over 160,841 People living Within Five Miles of the Site
  • Average Household Income of $84,162 in Five-Mile Radius of the Site

Exclusively Listed By

Office Medical

County Line Medical Office

Listing Price: $8,537,000

Cap Rate
7.44%
Gross SF
54,134
Rentable SF
54,134
Price/Gross SF
$157.70
Occupancy
100.0%
Year Built
2001
Lot Size
3.82 acres

Investment Highlights

  • Multi-Tenant MOB with Recent Extension on Anchor Tenant
  • One of the Fastest growing MSA's in the Indianapolis Area
  • 32% of the Center is Leased Through 2027 or Beyond
  • Surrounded by many National, Regional, and Local Medical Office Tenants
  • Tremendous Location Fundamentals with Over 160,841 People living Within Five Miles of the Site
  • Average Household Income of $84,162 in Five-Mile Radius of the Site

Investment Overview

Marcus & Millichap is pleased to present County Line Medical Office Building (CL-MOB) in Indianapolis, Indiana. CL-MOB is situated on an approximately 2-acre parcel and occupies a 57,024 square-foot building that houses a variety of medical office tenants. The building sits just off County Line and Emerson Avenue in the Indiana American Office Park, a premier medical office park. Some of the tenants at the property include Community Health Network, Midwest Eye Institute, Fairway Mortgage, and Goodman Campbell Brain and Spine. The property is located just off Interstate 65 in Indiana, one of the major thoroughfares leading through the state, seeing around 100,000 vehicles per day. The positioning on County Line Road, seeing over 31,000 vehicles per day, is just on the edge of Greenwood and the southside of Indianapolis. Currently the southside of Indianapolis/Greenwood is one of the fastest growing suburbs in the area. The area is encompassed by numerous amounts of local, regional and national companies and retailers. The Southside of Indianapolis has quickly become one of the preferred locations to lease commercial space in the city due to its respectively low rental rates and its proximity to the major highway systems. The Southside also has one of the fastest growing populations in the Indianapolis MSA due to the high growth of popular retailers and a variety of affordable housing options.

Exclusively Listed By

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