Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present for sale the SRT National Prosthetic & Orthotics Healthcare Center, a net-leased medical office building located in the Downtown Indianapolis’ Meridian Street corridor. The immediate hospital/medical district is surrounded by $6B of new economic development projects currently underway with additional projects in the planning stages. The offering is a passive real estate investment for an incoming investor as the tenant is directly responsible for administering the majority of building maintenance, payment of property taxes & reimbursement to landlord for building insurance. The landlord’s only responsibilities at the subject site are roof and structure. SRT has occupied the subject property since 2013 and has 6+ years of firm lease term remaining with one five-year renewal option thereafter. The tenant has shown strong commitment to the site by extending their lease in 2019 and spending $200k in capital improvements to the facility in 2022. SRT is a highly specialized healthcare company with one of the few Upper Extremity Teams for prosthetic arm and hand devices within the Midwest. SRT offers a wide variety of custom and off the shelf orthotic options for patients, all of which can be fit, modified and delivered on site at the Subject Property. The property is located along North Meridian Street, the main north and south corridor inside Indianapolis’ Interstate 465 loop connecting downtown Indianapolis to the northern suburbs and experiences approximately 18,000 VPD. In addition to being located within the midtown/downtown area of Indy, the property is surrounded by various current economic developments underway totaling over $6 Billion. (See Current Development Section) The subject property is a unique opportunity for an investor seeking a healthcare net-leased asset with rental growth and best-in-class, medical tenancy. The property is positioned in a dynamic, growing healthcare district and directly in the heart of current & future residential & commercial growth.