Investment Overview

Marcus & Millichap is pleased to present to market the Zionsville Medical Center – a high-quality, eight suite multi-tenant medical office building totaling approximately 21,072 square feet. Situated on 2.05 acres, the property is 100 percent leased to a diverse mix of medical and service-oriented tenants, including nationally recognized names like Community Health Network and VCA Animal Hospitals. With its combination of strong in-place income and strategic location within the affluent Indianapolis suburb of Zionsville, the property offers investors an attractive stabilized return with future upside via mark-to-market leasing. Market: Zionsville is among the most affluent and fastest-growing communities in Indiana, located within the Indianapolis MSA. Known for its high household incomes, strong school systems, and expanding residential base, Zionsville has become a highly desirable destination for healthcare and office users alike. The property benefits from excellent regional connectivity with quick access to I-865, I-465, and US-421, and is just 26 minutes from Indianapolis International Airport. Within a five mile radius, the area is home to over 144,000 residents and boasts an average household income of $193,846, supporting long-term tenant demand and strong leasing fundamentals. Location: The property is located at 55 Brendon Way, just off Michigan Road (US-421), minutes from major interstates and retail conveniences. Zionsville’s proximity to Indianapolis, combined with its premier demographics and reputation as a healthcare corridor, positions the asset in one of the metro’s most secure and resilient submarkets. The property is surrounded by retail, residential, and medical users, and offers convenient access for both patients and providers. Why Zionsville Medical Center? Zionsville Medical Center offers investors the rare opportunity to acquire a fully leased, cash-flowing medical office asset in one of Indianapolis’ most desirable submarkets. The asset presents strong in-place yield with near-term upside. The property’s strategic location, institutional-quality tenancy, and medical office use make it a highly defensible investment offering both stability and growth. Stable Current Tenant Mix: The property is currently 100 percent leased to eight tenants with a weighted average lease term of 3.52 years. The anchor tenants include Community Health Network (6,462 Square Feet, through 2032) and VCA Animal Hospitals (4,996 Square Feet, through 2026), both nationally recognized names in the healthcare sector. Several tenants have been in occupancy for over a decade, demonstrating stickiness to the location. The diverse tenant mix provides immediate cash flow with future upside through contractual rent increases and the potential to mark expiring leases to market. Property Features: Constructed in 1992, Zionsville Medical Center is a single-story brick masonry medical office building with a pitched shingle roof and a concrete slab foundation. The building features eight separate suites and offers generous surface parking with 75 spaces (3.57/1,000 Square Feet). Zoned B-2, the property allows for continued medical, dental, or general office use. The asset’s efficient layout, excellent visibility, and established tenant base make it an ideal long-term hold.