Historical Office Sale Listing - Broad Ripple Investment

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Broad Ripple Investment

6338 College Ave, Indianapolis, IN 46220

N/A

3,209 SF | Office

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Front view College Ave

Office Property - Off Market

Price:
N/A
Building Size:
3,209 SF
Property Type:
Office
Property Sub-type:
Office Building
Additional Sub-types:
Free Standing Bldg
Street Retail
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
12%
No. Stories:
2
Building Class:
B
Tenancy:
Multiple
Year Built:
1987
Lot Size:
0.18 SF
Parking Ratio:
3 / 1,000 SF
Listing ID
17885575
Last Updated
294 days ago

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

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

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

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Created 10/22/2012