12000 Exit 5 Pky 42,859 SF 100% Leased Industrial Building Fishers, IN 46037 $7,200,000 ($167.99/SF) 7.74% Cap Rate

Premier Location and Submarket:
Highly desirable location with Interstate 69 frontage in the highly regarded City of Fishers. The building provides high visibility interstate signage. The City of Fishers is one of America’s most highly educated, affluent and rapidly growing suburban cities. All segments of new development In Fishers are on the high end of the quality spectrum, earn premium market rents, and consistently achieve some of the lowest cap rates in the Indy Metro.
Long Term Tenancy:
Founded in 1984, OfficeWorks is a market leading furniture dealer representing multiple furniture lines and auxiliary services. Furniture lines include being an Exclusive Certified Miller Knoll dealer for Indiana, Central Kentucky and beyond.
OfficeWorks initially leased the property as a build-to-suit in 1999. Since their occupancy, Officeworks has invested millions of dollars into the leased premises through a series of renewals and amendments. The most recent lease amendment extends their lease into 2030.
Flexibility:
The property is situated on a 4.97-acre site and allows for expansion of the existing building. The building boasts both high-end two-story office space and a 28’ clear warehouse space with two docks and four drive-in doors.
Single Tenant Triple Net Lease:
The Lease includes minimal Landlord responsibilities for only foundation or structural elements of the building, the roof and roof system. Landlord may collect reimbursements of capital improvements or expenditures amortized over the useful life.