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5406 S Emerson Ave 7,600 SF 100% Leased Office Building Indianapolis, IN 46237 $1,780,000 ($234.21/SF) 7.60% Cap Rate
Investment Highlights
- Long Term Sale-Leaseback
- Extra Parking Area
- Built in 2010
Executive Summary
Terra Real Estate is proud to bring to market a 7,600 SF Sale-Leaseback opportunity on the South East side of Indianapolis near Emerson. The property was built by Hadley Family Dentistry in 2010 and they have fully occupied the building as a single tenant since.
The offering is located less than 1-mile from I-465 and I-65. The property also has direct access from both Shelbyville Rd (9,911 AADT) and Emerson Ave (22,317 AADT).
With over 20 years in business, Hadley Family Dentistry is run by a strong team of operators and continues to expand.
The offering is located less than 1-mile from I-465 and I-65. The property also has direct access from both Shelbyville Rd (9,911 AADT) and Emerson Ave (22,317 AADT).
With over 20 years in business, Hadley Family Dentistry is run by a strong team of operators and continues to expand.
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Office
Property Subtype
Building Size
7,600 SF
Building Class
B
Year Built
2010
Price
$1,780,000
Price Per SF
$234.21
Cap Rate
7.60%
NOI
$135,280
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,600 SF
Building FAR
0.08
Lot Size
2.08 AC
Zoning
Commercial - C-1
Parking
64 Spaces (8.42 Spaces per 1,000 SF Leased)
Amenities
- Controlled Access
- Security System
- Wheelchair Accessible
- Reception
- Monument Signage
- Air Conditioning
- Smoke Detector
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Hadley Family Dentistry
- Health Care and Social Assistance
- 6,600 SF
- $20.50
- Triple Net
- Jan 2036
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Hadley Family Dentistry | Health Care and Social Assistance | 6,600 SF | $20.50 | Triple Net | Jan 2036 |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 49-15-04-116-031.000-500 | Improvements Assessment | $521,500 |
| Land Assessment | $267,800 | Total Assessment | $789,300 |
Property Taxes
Parcel Number
49-15-04-116-031.000-500
Land Assessment
$267,800
Improvements Assessment
$521,500
Total Assessment
$789,300
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