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Office

Avon Executive Offices

6319 E US Hwy 36, Avon, IN 46123

Listing Price: $1,100,000

Cap Rate
8.61%
Gross SF
21,600
Rentable SF
12,474
Price/Gross SF
$50.93
Lot Size
1.07 acres
Year Built
1999

Investment Overview

Marcus & Millichap is pleased to exclusively represent the Avon Executive Offices location at 6319 E US Hwy 36, Avon, IN (Indianapolis, IN MSA; Population: 2,111,040, Ranked #33). Unique to the market, this “small office” concept has a total of 21,600 SF. The average office suite is 480SF with suites ranging in size from 150 SF to 1,748 SF. Twenty-six tenants operate in 33 suites. The tenant mix includes salon services and personal care on the garden (lower) level, and a mix of professional tenants and non-profit organizations throughout the first, second, and third levels. Hendricks County Community Foundation and the Firefighters Union are two long term, anchor tenants in the building and well-respected organizations within the community. The subject property enjoys a lot size of 1.4 Acres and is situated directly along US Highway 36 (43,872 VPD) in Hendricks County (3rd fastest growing county in the state of Indiana) with easy access to I-70 (62,224 VPD), downtown Indianapolis (30 min) and Indianapolis International Airport (20 min). Building amenities include an elevator, common area lounges for staff and visitors on each floor, common area restrooms, tenant mailboxes and tenant signage in the main lobby, security cameras, fire alarms, and a pylon sign fronting US Highway 36, along with 45 designated parking spots. The office property benefits from the corner location with a signalized intersection at S County Rd 625E and US Highway 36. The town of Avon enjoys an affluent population with an average household income of $120,922 (3-mile radius). It has been named the 17th best place to live in America (Money Magazine) and is the home of four star schools and a Tree City USA Community. Downtown Indianapolis (30 minutes) and Indianapolis International Airport (20 minutes) are located nearby.

Investment Highlights

  • Rare Small Office Concept Unique to the Market with Traditionally High Occupancy (94.37% Occupancy)
  • Below Market Rents | Short Term Leases Allow Landlord Flexibility to Reposition Tenants as Needed and Adjust Rents to Market
  • Amenities Include: Elevator, Common Area Lounges and Restrooms, Tenant Mailboxes and Signage in Main Lobby, Security Cameras, Fire Alarms, Pylon Sign Fronting US 36 and Surface Parking for 45 Vehicles
  • Corner Location with Signalized Intersection on Highway 36 (43,872 VPD) with Easy Access to I-70 (62,224 VPD) and Downtown Indianapolis (30 Minutes) and Indianapolis International Airport (20 Minutes)
  • National Retail and Service Corridor - Situated Amongst Many Retail, Restaurant and Healthcare Amenities, such as Lowe's, Walmart, McDonald's, Taco Bell, Indiana University Health, and more
  • Avon, IN Rated the 17th Best Place to Live in America (Money Magazine), and is the Home of 4 Star Schools; AHHI (3-Mile Radius): $120,922

Exclusively Listed By

Financing By

Office

Avon Executive Offices

Listing Price: $1,100,000

Cap Rate
8.61%
Gross SF
21,600
Rentable SF
12,474
Price/Gross SF
$50.93
Lot Size
1.07 acres
Year Built
1999

Investment Highlights

  • Rare Small Office Concept Unique to the Market with Traditionally High Occupancy (94.37% Occupancy)
  • Below Market Rents | Short Term Leases Allow Landlord Flexibility to Reposition Tenants as Needed and Adjust Rents to Market
  • Amenities Include: Elevator, Common Area Lounges and Restrooms, Tenant Mailboxes and Signage in Main Lobby, Security Cameras, Fire Alarms, Pylon Sign Fronting US 36 and Surface Parking for 45 Vehicles
  • Corner Location with Signalized Intersection on Highway 36 (43,872 VPD) with Easy Access to I-70 (62,224 VPD) and Downtown Indianapolis (30 Minutes) and Indianapolis International Airport (20 Minutes)
  • National Retail and Service Corridor - Situated Amongst Many Retail, Restaurant and Healthcare Amenities, such as Lowe's, Walmart, McDonald's, Taco Bell, Indiana University Health, and more
  • Avon, IN Rated the 17th Best Place to Live in America (Money Magazine), and is the Home of 4 Star Schools; AHHI (3-Mile Radius): $120,922

Investment Overview

Marcus & Millichap is pleased to exclusively represent the Avon Executive Offices location at 6319 E US Hwy 36, Avon, IN (Indianapolis, IN MSA; Population: 2,111,040, Ranked #33). Unique to the market, this “small office” concept has a total of 21,600 SF. The average office suite is 480SF with suites ranging in size from 150 SF to 1,748 SF. Twenty-six tenants operate in 33 suites. The tenant mix includes salon services and personal care on the garden (lower) level, and a mix of professional tenants and non-profit organizations throughout the first, second, and third levels. Hendricks County Community Foundation and the Firefighters Union are two long term, anchor tenants in the building and well-respected organizations within the community. The subject property enjoys a lot size of 1.4 Acres and is situated directly along US Highway 36 (43,872 VPD) in Hendricks County (3rd fastest growing county in the state of Indiana) with easy access to I-70 (62,224 VPD), downtown Indianapolis (30 min) and Indianapolis International Airport (20 min). Building amenities include an elevator, common area lounges for staff and visitors on each floor, common area restrooms, tenant mailboxes and tenant signage in the main lobby, security cameras, fire alarms, and a pylon sign fronting US Highway 36, along with 45 designated parking spots. The office property benefits from the corner location with a signalized intersection at S County Rd 625E and US Highway 36. The town of Avon enjoys an affluent population with an average household income of $120,922 (3-mile radius). It has been named the 17th best place to live in America (Money Magazine) and is the home of four star schools and a Tree City USA Community. Downtown Indianapolis (30 minutes) and Indianapolis International Airport (20 minutes) are located nearby.

Exclusively Listed By

Financing By

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