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Office

Shadeland Professional Building

6350 Shadeland Ave, Indianapolis, IN 46220

Listing Price: $1,192,000

Cap Rate
8.41%
Gross SF
7,972
Rentable SF
7,972
Price/Gross SF
$149.52
Lot Size
2.70 acres
Year Built
1988

Investment Overview

Marcus & Millichap is pleased to present to market available for sale Shadeland Professional Building, located at 6350 N. Shadeland Avenue in Indianapolis, IN. The two-tenant, fully-occupied office building sits on 2.70 acres in a beautiful wooded area with ample walking areas for tenants. The additional land also provides prime value-add opportunity for expansion or additional development in the future. 6350 North Shadeland Avenue is a prime location on a strong submarket thoroughfare just off-of Interstate I-465 with some visibility to the major interstate, providing another value-add opportunity for additional income through commercialized signage. Featuring a stabilized tenant mix, the Subject Property features immediate, steady cash flow and considerable future potential as well in a Major Midwest MSA.

Market: The Subject Property is excellently situated in a vibrant submarket of Indianapolis, IN, and is an integral part of the Indianapolis MSA. Known for diverse economy, Indianapolis is a hub for industries such as healthcare, finance, manufacturing, and technology. The city’s strategic location in the Midwest, coupled with its strong infrastructure and business-friendly environment, makes it an attractive destination for businesses seeking growth opportunities.

Location: Located on North Shadeland Avenue, just off of I-465 and Shadeland Avenue, the property benefits from visibility off-of I-465 and easy accessibility. The bustling area is surrounded by a mix of residential neighborhoods, retail, hospitality, and corporate offices, ensuring a steady flow of potential tenants for the foreseeable future.

WHY SHADELAND PROFESSIONAL BUILDING?
Providing an excellent day-one stabilized income with additional creative opportunities for value-add projects due to fundamental real estate location and ample space on the 2.70 Acres, 6350 N. Shadeland is a rare opportunity for an investor to receive strong cash flows in a great area of Indianapolis and have plenty of future options to capitalize on to increase future value.

Stable Current Tenant Mix: 6350 N. Shadeland features two tenants, TLX Talent Logistix who will be signing a 5-year NNN lease at the close of escrow, and Life Recovery Associates who just moved into their space in January 2024 on a passive lease structure through December 2026.

Investment Highlights

  • 100 Percent Occupied Two-Tenant Office Building in Indianapolis MSA
  • Immediate Exposure to I-465 Provides Additional Opportunity Through Signage/Billboard Income
  • Both Tenants Operate on Passive Lease Structures | Minimal Landlord Responsibility
  • Unique Value-Add Opportunity | 2.70 AC Provide Additional Development or Property Expansion

Exclusively Listed By

Office

Shadeland Professional Building

Listing Price: $1,192,000

Cap Rate
8.41%
Gross SF
7,972
Rentable SF
7,972
Price/Gross SF
$149.52
Lot Size
2.70 acres
Year Built
1988

Investment Highlights

  • 100 Percent Occupied Two-Tenant Office Building in Indianapolis MSA
  • Immediate Exposure to I-465 Provides Additional Opportunity Through Signage/Billboard Income
  • Both Tenants Operate on Passive Lease Structures | Minimal Landlord Responsibility
  • Unique Value-Add Opportunity | 2.70 AC Provide Additional Development or Property Expansion

Investment Overview

Marcus & Millichap is pleased to present to market available for sale Shadeland Professional Building, located at 6350 N. Shadeland Avenue in Indianapolis, IN. The two-tenant, fully-occupied office building sits on 2.70 acres in a beautiful wooded area with ample walking areas for tenants. The additional land also provides prime value-add opportunity for expansion or additional development in the future. 6350 North Shadeland Avenue is a prime location on a strong submarket thoroughfare just off-of Interstate I-465 with some visibility to the major interstate, providing another value-add opportunity for additional income through commercialized signage. Featuring a stabilized tenant mix, the Subject Property features immediate, steady cash flow and considerable future potential as well in a Major Midwest MSA. Market: The Subject Property is excellently situated in a vibrant submarket of Indianapolis, IN, and is an integral part of the Indianapolis MSA. Known for diverse economy, Indianapolis is a hub for industries such as healthcare, finance, manufacturing, and technology. The city’s strategic location in the Midwest, coupled with its strong infrastructure and business-friendly environment, makes it an attractive destination for businesses seeking growth opportunities. Location: Located on North Shadeland Avenue, just off of I-465 and Shadeland Avenue, the property benefits from visibility off-of I-465 and easy accessibility. The bustling area is surrounded by a mix of residential neighborhoods, retail, hospitality, and corporate offices, ensuring a steady flow of potential tenants for the foreseeable future. WHY SHADELAND PROFESSIONAL BUILDING? Providing an excellent day-one stabilized income with additional creative opportunities for value-add projects due to fundamental real estate location and ample space on the 2.70 Acres, 6350 N. Shadeland is a rare opportunity for an investor to receive strong cash flows in a great area of Indianapolis and have plenty of future options to capitalize on to increase future value. Stable Current Tenant Mix: 6350 N. Shadeland features two tenants, TLX Talent Logistix who will be signing a 5-year NNN lease at the close of escrow, and Life Recovery Associates who just moved into their space in January 2024 on a passive lease structure through December 2026.

Exclusively Listed By

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