2425 W Michigan St
Indianapolis, IN 46222
Kinney Group Office Building · Industrial Property For Sale

Marcus & Millichap is pleased to present for sale the following single-tenant office building located in Indianapolis, Indiana. The building is approximately 28,880 square feet and sits on 2.33 acres with excellent frontage along West Michigan Street. The building is just down the street, and across the White River, from the Riley Childrens Hospital, Eskenazi Health Hospital, Veterans Administration Medical Center, and the Indiana University Health Hospital. This area is also home to the Indiana University Purdue University campus, which has over 30,105 students and is the 3rd largest university in the state. There are several other historic Indianapolis landmarks in the surrounding areas including the Indianapolis Motor Speedway, home of the Indianapolis 500, and Lucas Oil Stadium, home of the Indianapolis Colts. This location provides immediate access to downtown Indianapolis and has easy accessibility to all major Interstates (I-74, I-70, I-65 & I-465). The Kinney Group is a rapidly growing tech company headquartered in Indianapolis at this location. There are now over 60 employees and they have accomplished 6 consecutive years of revenue growth. The Kinney Group would sign a new 20 year absolute triple-net lease at the close of escrow with rental increases every five years, providing an investor with an ideal opportunity to acquire a single tenant office investment, with a long-term lease and rent increases to hedge against inflation. Indianapolis added nearly 9,200 digital services jobs between 2010 and 2015, according to Brookings. That is more than the nearby metropolitan areas of Cincinnati, Ohio; Columbus, Ohio; and Louisville, Kentucky; combined. Indianapolis is uniquely positioned with an increasing supply of educated talent and low costs for labor and office space.