Investment Overview

Marcus & Millichap is pleased to present for sale the 86th Street Business Park, a two-building office/flex asset totaling 61,691 square feet situated on approximately 4.75 acres on the northeast side of Indianapolis. The park is 100 percent occupied by a diverse mix of national, regional, and local tenants and has maintained high historical occupancy — a testament to the quality of the tenant mix and the strength of the submarket. Limited owner expense obligations with tenants reimbursing their share of expenses over the base year. High historical occupancy provides a durable income profile with minimal lease-up risk for a new owner. Direct I-69 access with over 162,311 vehicles per day — the primary corridor connecting northern and southern Indiana into downtown Indianapolis. Dual interstate connectivity via I-69 and I-465, Indianapolis’s major beltway, providing metro-wide accessibility from every direction. Adjacent to Fishers, Indiana — one of the most affluent and fastest-growing communities in the state, generating sustained demand for professional flex and office space in this corridor. Exceptionally tight submarket — per CoStar, blended flex/office vacancy within a one-mile radius sits at just 1.5 percent, supporting rent stability and limiting competing supply. The Yard at Fishers District — approximately 4.5 miles north via I-69, Fishers District is one of Central Indiana's premier mixed-use destinations, anchored by IKEA, Portillo's, Shake Shack, and the Fishers Event Center. The development draws regional traffic and reflects the sustained growth and affluence of the Fishers market directly adjacent to the subject property's corridor.