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2015 University Blvd
Anderson, IN 46012
University Plaza | Anderson, IN · Retail Property For Sale
EXECUTIVE SUMMARY
88% OCCUPIED MEDICAL STRIP CENTER
• University Plaza is a 12,048 square foot center located in Anderson, IN, a suburb of Indianapolis, IN.
• National Credit Medical Lineup | 88% of GLA
• Recent Major CapEx | New roof installed in 2024
FRESENIUS
• Fresenius is a multinational healthcare company that provides products and services for dialysis, inpatient, and outpatient medical care
• They have over 3,700 dialysis clinics worldwide and treat more than 229,000 patients across 150 countries
• Fresenius maintains a long-term lease at the property and is a credit-rated tenant (S&P: BBB-) with global revenue exceeding €19 billion annually
• Fresenius has occupied the space since February of 2022 and has 8.5 years of term remaining
GOLDEN STEPS ABA
• Golden Steps ABA is a national provider of ABA therapy services specializing in the treatment of autism spectrum disorder
• Golden Steps ABA has a strong guarantee backed by 100+ locations in 16 states
• Golden Steps ABA recently executed a new 6-year lease with term through 2031
VALUE-ADD | 88% OCCUPIED
• Currently 88% leased with a 1,481 SF vacancy
• Filling the vacancy at $20/SF boosts Year 2 NOI by $37,184
• If purchasing at list price, filling this vacancy will yield you 8.25% by year 2
ACROSS FROM ANDERSON UNIVERSITY
• The subject property is across from Anderson University, which is home to 4,117 students, employs 530 people & has a $300 million economic impact
ANDERSON, IN | INDIANAPOLIS MSA
• Anderson, IN is located in the Indianapolis MSA, and is home to $2.1M+ people
• Indianapolis is the corporate headquarters for Eli Lilly and Company, Elevance Health, Corteva, Simon Property Group, & many more
• The MSA is home to a vibrant academic community with multiple higher education institutions, including Indiana University-Purdue University Indianapolis (IUPUI), and Butler University, fueling innovation and a skilled workforce
• Indianapolis is home to the Indianapolis 500 largest the largest single-day sporting event
• University Plaza is a 12,048 square foot center located in Anderson, IN, a suburb of Indianapolis, IN.
• National Credit Medical Lineup | 88% of GLA
• Recent Major CapEx | New roof installed in 2024
FRESENIUS
• Fresenius is a multinational healthcare company that provides products and services for dialysis, inpatient, and outpatient medical care
• They have over 3,700 dialysis clinics worldwide and treat more than 229,000 patients across 150 countries
• Fresenius maintains a long-term lease at the property and is a credit-rated tenant (S&P: BBB-) with global revenue exceeding €19 billion annually
• Fresenius has occupied the space since February of 2022 and has 8.5 years of term remaining
GOLDEN STEPS ABA
• Golden Steps ABA is a national provider of ABA therapy services specializing in the treatment of autism spectrum disorder
• Golden Steps ABA has a strong guarantee backed by 100+ locations in 16 states
• Golden Steps ABA recently executed a new 6-year lease with term through 2031
VALUE-ADD | 88% OCCUPIED
• Currently 88% leased with a 1,481 SF vacancy
• Filling the vacancy at $20/SF boosts Year 2 NOI by $37,184
• If purchasing at list price, filling this vacancy will yield you 8.25% by year 2
ACROSS FROM ANDERSON UNIVERSITY
• The subject property is across from Anderson University, which is home to 4,117 students, employs 530 people & has a $300 million economic impact
ANDERSON, IN | INDIANAPOLIS MSA
• Anderson, IN is located in the Indianapolis MSA, and is home to $2.1M+ people
• Indianapolis is the corporate headquarters for Eli Lilly and Company, Elevance Health, Corteva, Simon Property Group, & many more
• The MSA is home to a vibrant academic community with multiple higher education institutions, including Indiana University-Purdue University Indianapolis (IUPUI), and Butler University, fueling innovation and a skilled workforce
• Indianapolis is home to the Indianapolis 500 largest the largest single-day sporting event
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,048 SF
Building Class
C
Year Built/Renovated
1987/2013
Price
$2,625,000
Price Per SF
$217.88
Cap Rate
8%
NOI
$210,000
Percent Leased
88%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.21
Lot Size
1.29 AC
Zoning
B-3 - General Business
Parking
88 Spaces (7.3 Spaces per 1,000 SF Leased)
Frontage
171’ on University Blvd
AMENITIES
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 48-12-07-401-058.000-003 | Improvements Assessment | $0 |
| Land Assessment | $15,000 | Total Assessment | $15,000 |
PROPERTY TAXES
Parcel Number
48-12-07-401-058.000-003
Land Assessment
$15,000
Improvements Assessment
$0
Total Assessment
$15,000
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