Office

Banta Trails Office Building II

6401 S East St, Indianapolis, IN 46227

Listing Price: $1,606,000

Cap Rate
8.70%
Gross SF
15,162
Rentable SF
15,162
Price/Gross SF
$105.92
Lot Size
1.32 acres
Year Built
1992

Investment Overview

Banta Trails Office building is a two story, 15,162 square foot, multi-tenant office property located on the Southside of Indianapolis. The property, which was built in 1992, sits on US 31 South, one of the busiest corridors on the Southside of Indianapolis. US 31 boasts traffic counts just north 36,000 vehicles per day. Banta Trails Office is currently 86% percent occupied and is the home to a variety of local/regional office users. With roughly 2,050 square feet vacant, there is still some value add upside to a new owner that can fill the existing vacancy.
The subject property is a two-story brick construction building that requires minimal landlord maintenance. The building features direct access to your suite, giving comfort to tenants during COVID-19. The property also benefits from a brand new roof being put on in the summer of 2018. US 31 has easy access to I-465, which is one of Indiana's major highway systems and the leading beltway looping around the Indianapolis MSA.
The Southside of Indianapolis is quickly becoming one of the preferred locations to lease office space due to its respectively low rental rates and its proximity to the major highway systems. The Southside of Indianapolis also has one of the fastest growing populations in the Indianapolis MSA, likely due to the low cost of living, and affordable housing options. With a growing population and a booming local economy, this property should provide an investor with stable cash flow for years to come.

Investment Highlights

  • No COVID Concessions Given/Requested By Tenants
  • Brand New Roof Put on in 2018
  • Just Minutes to Downtown Indianapolis
  • Vacancy Upside Potential for New Investors
  • Located on One of the Busiest Corridors on the Southside of Indianapolis
  • Convenient Location with easy Highway Access to US 31, Interstate 465, I-70, and I-65

Exclusively Listed By

Office

Banta Trails Office Building II

Listing Price: $1,606,000

Cap Rate
8.70%
Gross SF
15,162
Rentable SF
15,162
Price/Gross SF
$105.92
Lot Size
1.32 acres
Year Built
1992

Investment Highlights

  • No COVID Concessions Given/Requested By Tenants
  • Brand New Roof Put on in 2018
  • Just Minutes to Downtown Indianapolis
  • Vacancy Upside Potential for New Investors
  • Located on One of the Busiest Corridors on the Southside of Indianapolis
  • Convenient Location with easy Highway Access to US 31, Interstate 465, I-70, and I-65

Investment Overview

Banta Trails Office building is a two story, 15,162 square foot, multi-tenant office property located on the Southside of Indianapolis. The property, which was built in 1992, sits on US 31 South, one of the busiest corridors on the Southside of Indianapolis. US 31 boasts traffic counts just north 36,000 vehicles per day. Banta Trails Office is currently 86% percent occupied and is the home to a variety of local/regional office users. With roughly 2,050 square feet vacant, there is still some value add upside to a new owner that can fill the existing vacancy.
The subject property is a two-story brick construction building that requires minimal landlord maintenance. The building features direct access to your suite, giving comfort to tenants during COVID-19. The property also benefits from a brand new roof being put on in the summer of 2018. US 31 has easy access to I-465, which is one of Indiana's major highway systems and the leading beltway looping around the Indianapolis MSA.
The Southside of Indianapolis is quickly becoming one of the preferred locations to lease office space due to its respectively low rental rates and its proximity to the major highway systems. The Southside of Indianapolis also has one of the fastest growing populations in the Indianapolis MSA, likely due to the low cost of living, and affordable housing options. With a growing population and a booming local economy, this property should provide an investor with stable cash flow for years to come.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower