5060 E 62nd St
Indianapolis, IN 46220
Binford Flex Center · Office Property For Sale

Marcus & Millichap is pleased to present for sale the Binford Flex Center, in Indianapolis, IN. The Property is situated on a roughly 4.07 acre parcel and occupies a 36,831 square-foot flex building. The Binford Flex Center is 100% occupied by a wide variety of local tenants ranging from retail use to more heavily office tenants and some flex space users. Historically, the asset has been very well occupied, per CoStar, the vacancy rate for flex product within a 2 mile radius of this asset sits at just 1.7%. The positioning of the asset, just off Binford Blvd, has traffic counts of just over 36,000 vehicles per day. Binford Boulevard, leads into downtown Indianapolis, as well as turns into Interstate 69 just north of this asset, which is one of the largest North/South thoroughfares through the state. Interstate 465, the major beltway around Indianapolis is just a 4 minute drive from this asset as well, making this location easily accessible for the majority of the city. There are over 211,897 people living in a 5 mile radius of this site and the Indianapolis MSA has a population of roughly 869,012 residents. Average Household income is $93,348 in a one-mile radius of this location. Average Household income is $93,348 in a one-mile radius of this location. Binford Flex Center has been performing very well throughout COVID-19, and a new lease was just signed in May 2020, further solidifying the stability of this asset to any new investor.