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Office

Justus Office Building

1398 Shadeland Ave, Indianapolis, IN 46219

Listing Price: $1,450,000

Cap Rate
9.00%
Gross SF
18,255
Rentable SF
18,255
Price/Gross SF
$79.43
Lot Size
1.88 acres
Year Built
1970

Investment Overview

Marcus & Millichap is pleased to present the Justus Office Building in Indianapolis, Indiana. The Justus Building is situated on a 1.88 acre parcel and occupies a 21,945 square-foot building that houses a single tenant, The Justus Companies. The Justus Company is a leading construction and development company in Indianapolis and has been for over 100 years. At closing, the Justus Company will be signing a 3-year NNN lease. The property was built in 1970 and has been recently remodeled. The property is ideally situated just off Interstate 465 and I-70, two of the major highway systems in the Indianapolis area, with the nearest exit off I-465 boasting daily traffic counts more than 23,406 vehicles per day. With more than a century of experience, The Justus Family of Companies provides outstanding service to residents, families and associates through hands-on leadership, attention to detail and a commitment to serving others. They are proud to be recognized for award-winning communities for both multi-family and senior properties. Headquartered in Indianapolis, Indiana, The Justus Family of Companies is a leading contributor to the early history of Indianapolis. Since 1910, they have steadily grown as an industry leader in Senior Living, Multi-Family Living, Construction and Development. Company website: www.Justus.net

Investment Highlights

  • Ideal Location Just off the Major Interstate System in Indianapolis
  • Below Market Triple-Net Lease will Make for Easy Backfill and Upside for Future Ownership
  • Surrounded by Many National, Regional, and Local Medical Tenants
  • Strong Guarantor to Sign Three Year Lease at Close

Exclusively Listed By

Office

Justus Office Building

Listing Price: $1,450,000

Cap Rate
9.00%
Gross SF
18,255
Rentable SF
18,255
Price/Gross SF
$79.43
Lot Size
1.88 acres
Year Built
1970

Investment Highlights

  • Ideal Location Just off the Major Interstate System in Indianapolis
  • Below Market Triple-Net Lease will Make for Easy Backfill and Upside for Future Ownership
  • Surrounded by Many National, Regional, and Local Medical Tenants
  • Strong Guarantor to Sign Three Year Lease at Close

Investment Overview

Marcus & Millichap is pleased to present the Justus Office Building in Indianapolis, Indiana. The Justus Building is situated on a 1.88 acre parcel and occupies a 21,945 square-foot building that houses a single tenant, The Justus Companies. The Justus Company is a leading construction and development company in Indianapolis and has been for over 100 years. At closing, the Justus Company will be signing a 3-year NNN lease. The property was built in 1970 and has been recently remodeled. The property is ideally situated just off Interstate 465 and I-70, two of the major highway systems in the Indianapolis area, with the nearest exit off I-465 boasting daily traffic counts more than 23,406 vehicles per day. With more than a century of experience, The Justus Family of Companies provides outstanding service to residents, families and associates through hands-on leadership, attention to detail and a commitment to serving others. They are proud to be recognized for award-winning communities for both multi-family and senior properties. Headquartered in Indianapolis, Indiana, The Justus Family of Companies is a leading contributor to the early history of Indianapolis. Since 1910, they have steadily grown as an industry leader in Senior Living, Multi-Family Living, Construction and Development. Company website: www.Justus.net

Exclusively Listed By

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