Investment Overview

Marcus & Millichap is pleased to present for sale 8091 Township Line Road, a two-story, multi-tenant medical office investment property totaling approximately 40,707 square feet. Located in the Northwest Indianapolis medical corridor, this asset sits on approximately 0.53 acres and features 11 tenant suites, a strong roster of healthcare and nonprofit organizations, and proximity to major hospital systems and interstates. Originally built in 1984, the property is currently 90.3 percent occupied and has demonstrated consistent historical leasing with a WALE of 3.26 years. This investment presents a rare opportunity to acquire a value-add medical/office asset in a core Indianapolis healthcare submarket. Market: 8091 Township Line Road is strategically located in one of the city’s most established healthcare clusters, surrounded by St. Vincent Hospital, Community Health Pavilion, and numerous specialty practices. With immediate access to I-465, I-865, and I-65, the site offers easy connectivity across the Indianapolis metro, while maintaining a suburban professional park environment. The property is 41 minutes from Indianapolis International Airport, and benefits from strong local demographics, with over 940,000 residents within a 10-mile radius and median household incomes exceeding $100,000 within three miles. Stable Current Tenant Mix: The tenancy features a diverse mix of established healthcare providers and service-based tenants, including Ascension St. Vincent, Axia Women’s Health, Patchwork Indy, and Dendreon. With several multi-suite users and recent lease extensions, the asset maintains predictable in-place income. The building layout supports professional medical users with multiple ingress/egress points, surface parking, and flexible suite sizes, offering long-term adaptability for tenants and future re-leasing. Property Features: Georgetown Business Park is a rare opportunity that includes a mix of spaces for various tenants through the 12 buildings offered. With all the buildings located along Georgetown Road and the convenience of drive-to-entrance doors for many of the suites, tenants and visitors can easily navigate through the park to their destination. The properties are situated on over 40 acres and feature a plethora of parking for each respective property. Activity and demand in the park have remained constant, with construction of the subject properties initially beginning development in the early 1990’s and most recently completed in 2020. Why 8091 Township Line Road? This is a rare chance to acquire a value-add medical/office asset, income-generating asset with medical tenancy, high visibility, and superior access. With limited competing supply and continued growth in the healthcare sector, the property is well positioned for sustained occupancy and net operating income growth in a supply-constrained submarket. Investors will benefit from below-replacement-cost pricing, long-standing tenancy, and the prestige of being within one of the most desirable medical office corridors in Indianapolis. Condo Units: 8091 Township Line Road is compromised of multiple condominium units. The subject property makes up 95 percent of the units and a potential investor can obtain an option to purchase the remaining 5 percent. Please contact agents for more details as needed.