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525 Congressional Blvd 46,617 SF Flex Building Carmel, IN 46032 $6,859,000 ($147.14/SF) 7.60% Cap Rate
Investment Highlights
- 46,617 RSF on 8.8 acres.
- 155 parking spaces for 3.3/1,000 ratio.
- Two (2) overhead drive-in doors
- Currently configured for a single tenant, but has three banks of multi-occupant restrooms for future multi-tenant potential.
- Fenced outdoor playground and recreation area.
- Built in 1988 and expanded in 2000.
Executive Summary
Investment opportunity in the heart of Carmel, Indiana.
Property Facts
| Price | $6,859,000 | Rentable Building Area | 46,617 SF |
| Price Per SF | $147.14 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1988 |
| Cap Rate | 7.60% | Tenancy | Single |
| Property Type | Flex | Parking Ratio | 3.28/1,000 SF |
| Property Subtype | Light Distribution | Clear Ceiling Height | 15’ |
| Building Class | B | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 6.09 AC | ||
| Zoning | B2 - B-2 zoning with a variance for Pre-k to 12th grade primary and secondary education. | ||
| Price | $6,859,000 |
| Price Per SF | $147.14 |
| Sale Type | Investment |
| Cap Rate | 7.60% |
| Property Type | Flex |
| Property Subtype | Light Distribution |
| Building Class | B |
| Lot Size | 6.09 AC |
| Rentable Building Area | 46,617 SF |
| No. Stories | 1 |
| Year Built | 1988 |
| Tenancy | Single |
| Parking Ratio | 3.28/1,000 SF |
| Clear Ceiling Height | 15’ |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | B2 - B-2 zoning with a variance for Pre-k to 12th grade primary and secondary education. |
Amenities
- Conferencing Facility
- Signage
Utilities
- Heating - Gas
1 1
Walk Score®
Very Walkable (81)
Bike Score®
Very Bikeable (74)
Property Taxes
| Parcel Number | 29-09-35-001-014.000-018 | Improvements Assessment | $1,937,200 |
| Land Assessment | $1,331,300 | Total Assessment | $3,268,500 |
Property Taxes
Parcel Number
29-09-35-001-014.000-018
Land Assessment
$1,331,300
Improvements Assessment
$1,937,200
Total Assessment
$3,268,500
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525 Congressional Blvd
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