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Rare Trophy Investment Opportunity 211 W Main St 34,650 SF 100% Leased 4-Star Office Building Carmel, IN 46032 $12,500,000 ($360.75/SF) 7.78% Cap Rate
Investment Highlights
- Boutique Class A Office & Retail building in the heart of downtown Carmel Arts & Design District
Executive Summary
Cushman & Wakefield is pleased to exclusively offer for sale Monon & Main, a dynamic, long-term generational investment opportunity in the heart of the Carmel Arts & Design District of downtown Carmel, Indiana – the fastest growing city in the state and repeatedly voted the #1 Best Place to Live in Indiana. Situated at the iconic intersection of Main Street and Monon Boulevard, this contemporary mixed-use building has average rents $5/SF below market, providing significant upside potential with an irreplaceable location in a very tight owner’s market. This prestigious and well-known asset is 100% leased and stabilized with a 4.5 year WALT.
• Stabilized Investment Opportunity
• #1 Best Small City in America
• Extremely Healthy Market Fundamentals
Price update reflects all cash transaction!
• Stabilized Investment Opportunity
• #1 Best Small City in America
• Extremely Healthy Market Fundamentals
Price update reflects all cash transaction!
Data Room Click Here to Access
- Market Information
- Operating and Financials
- Garage PILOT Agreements
- Service Contracts
- Title and Insurance
- Building Plans
- Leases
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Building Size
34,650 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2018
Price
$12,500,000
Price Per SF
$360.75
Cap Rate
7.78%
NOI
$972,282
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
9,663 SF
Building FAR
2.95
Lot Size
0.27 AC
Zoning
C - Commercial
Parking
200 Spaces (5.77 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Controlled Access
- Restaurant
- Security System
- Signage
- Outdoor Seating
- Air Conditioning
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Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (77)
Property Taxes
| Parcel Number | 29-09-25-161-004.001-018 | Improvements Assessment | $5,203,700 |
| Land Assessment | $324,000 | Total Assessment | $5,527,700 |
Property Taxes
Parcel Number
29-09-25-161-004.001-018
Land Assessment
$324,000
Improvements Assessment
$5,203,700
Total Assessment
$5,527,700
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Videos
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Matterport 3D Tour
Photos
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Street
Map
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Rare Trophy Investment Opportunity | 211 W Main St
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