Investment Overview

Intech Eleven presents the opportunity to acquire a 100 percent occupied, institutional-quality office and flex asset totaling 89,506 square feet in Indianapolis' highly desirable Northwest office corridor. Strategically positioned with immediate access to I-465, I-65, and I-865, the property provides exceptional regional connectivity while remaining just 15 minutes from Downtown Indianapolis and approximately 20 minutes from Indianapolis International Airport. This premier location has attracted a diverse tenant roster spanning healthcare, professional services, corporate, and industrial support users, generating stable and diversified cash flow. The lease profile offers a 5.37-year weighted average remaining lease term (WALT), creating predictable income and long-term stability. Ownership has invested more than $1.9 million into the property since 2022, demonstrating a long-term commitment to the asset through significant tenant improvements, building system upgrades, parking lot repairs, and a new roof installed in 2025. These investments have helped maintain full occupancy while reducing anticipated near-term capital needs for a future owner. Beyond its strong physical condition, Intech 11 distinguishes itself through its flexible design. Approximately 32 percent of the building consists of integrated warehouse & lab space, complemented by multiple dock-high and drive-in loading doors that accommodate a broad range of office, fulfillment, light industrial, and logistics users. The property's lease structure further enhances the investment, with the majority of tenants operating under NNN or base-year expense stop leases that provide substantial operating expense recoveries. Many leases also permit qualifying capital expenditures to be amortized and reimbursed by tenants, creating an exceptionally landlord-friendly investment with durable cash flow and reduced long-term ownership exposure. Eskenazi Health recently invested approximately $10 million within their 32,000-square-foot Pharmacy Central Fulfillment Center at Intech 11, creating a state-of-the-art distribution facility designed to automate prescription fulfillment and support growing healthcare demand. The facility will ultimately process approximately 60 percent of Eskenazi Health's more than 1.3 million annual prescriptions, improving operational efficiency, expanding delivery capabilities, and supporting long-term healthcare services throughout Central Indiana. The investment reflects Eskenazi Health's continued commitment to the region and underscores the area's importance as a strategic location for healthcare and logistics operations.