This Office Property is Off-Market.

6338 College Ave
Indianapolis, IN 46220 ·

3,209 SF · Office For Sale

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Broad Ripple Investment

Price N/A No. Stories 2
Building Size 3,209 SF Building Class B
Property Type Office Tenancy Multiple
Property Sub-type
Office Building
More...
  • Free Standing Bldg
  • Street Retail
Year Built 1987
Property Use Type Investment Lot Size 0.18 SF
Commission Split 3% Parking Ratio 3 / 1,000 SF
Cap Rate 12%
Listing ID: 17885575 Date Created: 10/22/2012 Last Updated: 07/02/2013

Description

Two stories plus a basement. Existing Tenant is paying Base plus Exp
Three spaces, each have its own entrance.
Second floor and basement tenant is on a MTM lease and can be relocated if desire by buyer. First (main level) is leased through end of 2014
Signage available on College Ave.
Zoned for Retail or Office use

Great Location, over 18K CPD. Frontage on College Ave.
New Completed project of Retail and a three level Garage was just open a block south.
Another new proposed Mixed-use $17MM project is in the works across the street from this property. See link for more info

Highlights

  • Complete renovations from the ground and up in 2011
  • Frontage on College Ave (Traffic count 18,902 CPD)
  • Completly new parking lot and Drive with 9 parking spaces
  • Across the street from a new proposed $17MM development
  • High Cash on Cash Return (36% )
  • Easy to Manage

Research

6338 College Ave, Indianapolis, IN 46220 (Marion County)

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