Corporate Center Lakeside 5957-6049 Lakeside Blvd 89,805 SF 100% Leased Flex Building Indianapolis, IN 46278 $13,510,000 ($150.44/SF) 10% Cap Rate

Colliers International has been exclusively retained to market for sale the U.S. Geological Survey & U.S. Department of Agriculture Indiana State Headquarters located at 5957-6035 Lakeside Boulevard Indianapolis, Indiana 46278. Developed in 1986, this multi-tenant, single-story flex-office building is 97.6% leased.
Although there are seven regional U.S. Department of Agriculture (USDA) offices in Indiana, this particular office serves as the Headquarters and administrative office for the state of Indiana and is the mortgage lending arm of the Indiana USDA.
One of six science mission areas, this U.S. Geological Survey (USGS) has the unique mission to collect and disseminate information on the nations water resources, including information on water related natural hazards, groundwater management and surface water resources, and protection of water resources for health and environmental quality. This facility would require substantial capital to replicate as there are no other similar facilities in existence devoted to water resources.
Indianapolis is the state capital and most populated city in Indiana. It also serves as the county seat of Marion County. The consolidated population of Indianapolis and Marion County was 969,466 as of 2022 and is the 17th most populous city in the U.S. As of 2022, three Fortune 500 companies are based in the city: health insurance company Anthem Inc., pharmaceutical company Eli Lilly, and Simon Property Group, which is the largest real estate investment trust in the U.S. Cummins Inc., a multinational corporation that designs, manufactures, and distributes engines, filtration, and power generation products, also opened its Distribution Headquarters in downtown Indianapolis in 2017.
This is an excellent opportunity for an investor to own a best-in-class, investment grade tenanted asset (S&P AA+), as the GSA lease provides investors stable returns guaranteed by the US Government.