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Office

5055 Professional Offices

5055 E US Hwy 36, Avon, IN 46123

Listing Price: $749,000

Gross SF
8,448
Rentable SF
7,150
Price/Gross SF
$88.66
Lot Size
0.82 acres
Year Built
1990

Investment Overview

Marcus & Millichap is pleased to exclusively represent for sale the 5055 Professional Offices located in fast growing Avon, Indiana (Indianapolis MSA: Ranked 34th in the US by Population). The four tenant professional office building, built 1990, features private entrances for each suites employees and an elegant lobby to welcome patients and clients. The building is elevator equipped and has three staircases, ample parking, tenant signing on the building and pylon sign and excellent visibility along E US Highway 36 (24,113 VPD). Access is by easement at the intersection of 525E and E US Highway 36. Cummins Behavioral Health Systems, Inc. Human Resources Department is the anchor tenant. Cummins lease commenced in 12/2017 and expires 11/30/2021. Cummins owns and occupies an adjacent building (5201 E US Highway 36), making this office space convenient for their operations.

Investment Highlights

  • Value Add Four Tenant Professional Office Building (75% Vacancy) with Elegant Lobby and Private Employee Entrance to Each Suite; Elevator Equipped; 3 Staircases Located on E US Highway 36 (24,113VPD)
  • Affluent Community with AAHI of $103,233 within 1 Mile of Subject Property; Avon (70.9% Population Growth Since 2000)is within Hendricks County (3rd Fastest Growing County in the State of Indiana)
  • Indianapolis is the 34th Most Populous MSA in the US with a Population of 1,971,374. Avon is 12 Miles to the Indianapolis International Airport and 6 Miles to Indianapolis City Limits.

Exclusively Listed By

Financing By

Office

5055 Professional Offices

Listing Price: $749,000

Gross SF
8,448
Rentable SF
7,150
Price/Gross SF
$88.66
Lot Size
0.82 acres
Year Built
1990

Investment Highlights

  • Value Add Four Tenant Professional Office Building (75% Vacancy) with Elegant Lobby and Private Employee Entrance to Each Suite; Elevator Equipped; 3 Staircases Located on E US Highway 36 (24,113VPD)
  • Affluent Community with AAHI of $103,233 within 1 Mile of Subject Property; Avon (70.9% Population Growth Since 2000)is within Hendricks County (3rd Fastest Growing County in the State of Indiana)
  • Indianapolis is the 34th Most Populous MSA in the US with a Population of 1,971,374. Avon is 12 Miles to the Indianapolis International Airport and 6 Miles to Indianapolis City Limits.

Investment Overview

Marcus & Millichap is pleased to exclusively represent for sale the 5055 Professional Offices located in fast growing Avon, Indiana (Indianapolis MSA: Ranked 34th in the US by Population). The four tenant professional office building, built 1990, features private entrances for each suites employees and an elegant lobby to welcome patients and clients. The building is elevator equipped and has three staircases, ample parking, tenant signing on the building and pylon sign and excellent visibility along E US Highway 36 (24,113 VPD). Access is by easement at the intersection of 525E and E US Highway 36. Cummins Behavioral Health Systems, Inc. Human Resources Department is the anchor tenant. Cummins lease commenced in 12/2017 and expires 11/30/2021. Cummins owns and occupies an adjacent building (5201 E US Highway 36), making this office space convenient for their operations.

Exclusively Listed By

Financing By

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