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Intech Eleven 6625 Network Way 89,506 SF 100% Leased 4-Star Flex Building Indianapolis, IN 46278 $11,722,000 ($130.96/SF) 7.62% Cap Rate
Investment Highlights
- Flexible Office / Warehouse Configuration with integrated warehouse space, multiple dock-high doors, and drive-in loading
- Over $1.9 Million Invested Since 2022 including a new roof, parking lot improvements, major tenant build-outs, HVAC replacements & electrical upgrades
- 15 minutes from downtown Indianapolis
- Landlord-Favorable Lease Structure with the majority of tenants operating under NNN or base-year expense stop leases
- Immediate access to I-465, I-65 & I-865
Executive Summary
Intech Eleven presents the opportunity to acquire a 100% occupied, institutional-quality office and flex asset totaling 89,506 square feet in Indianapolis' highly desirable Northwest office corridor.
Strategically positioned with immediate access to I-465, I-65, and I-865, the property provides exceptional regional connectivity while remaining just 15 minutes from Downtown Indianapolis and approximately 20 minutes from Indianapolis International Airport. This premier location has attracted a diverse tenant roster spanning healthcare, professional services, corporate, and industrial support users, generating stable and diversified cash flow. The lease profile offers a 5.37-year weighted average remaining lease term (WALT), creating predictable income and long-term stability.
WHY INTECH ELEVEN?
- Long-term NNN lease structure with 100% occupancy
- Weighted average lease term of 5.37 years
- Strategic location to Indianapolis International Airport, I-465, and downtown Indianapolis
- Over $1.9 million invested in capital improvements since 2022
INVESTMENT HIGHLIGHTS
- Flexible Office/Warehouse Layout with dock-high and drive-in loading supporting office, lab, industrial, and service users
- Diversified Tenant Mix across healthcare, professional services, laboratory, industrial, and corporate sectors
- Landlord-Favorable Leases with primarily NNN and base-year expense stop structures
- Stable Cash Flow backed by full occupancy, diversified tenancy, favorable lease terms, and recent capital improvements
MARKET & LOCATION HIGHLIGHTS
- Positioned in Indianapolis' highly desirable Northwest office corridor
- Immediate access to I-465, I-65 & I-865
- Approximately 15 minutes from downtown Indianapolis
- Approximately 20 minutes from Indianapolis International Airport
Strategically positioned with immediate access to I-465, I-65, and I-865, the property provides exceptional regional connectivity while remaining just 15 minutes from Downtown Indianapolis and approximately 20 minutes from Indianapolis International Airport. This premier location has attracted a diverse tenant roster spanning healthcare, professional services, corporate, and industrial support users, generating stable and diversified cash flow. The lease profile offers a 5.37-year weighted average remaining lease term (WALT), creating predictable income and long-term stability.
WHY INTECH ELEVEN?
- Long-term NNN lease structure with 100% occupancy
- Weighted average lease term of 5.37 years
- Strategic location to Indianapolis International Airport, I-465, and downtown Indianapolis
- Over $1.9 million invested in capital improvements since 2022
INVESTMENT HIGHLIGHTS
- Flexible Office/Warehouse Layout with dock-high and drive-in loading supporting office, lab, industrial, and service users
- Diversified Tenant Mix across healthcare, professional services, laboratory, industrial, and corporate sectors
- Landlord-Favorable Leases with primarily NNN and base-year expense stop structures
- Stable Cash Flow backed by full occupancy, diversified tenancy, favorable lease terms, and recent capital improvements
MARKET & LOCATION HIGHLIGHTS
- Positioned in Indianapolis' highly desirable Northwest office corridor
- Immediate access to I-465, I-65 & I-865
- Approximately 15 minutes from downtown Indianapolis
- Approximately 20 minutes from Indianapolis International Airport
Property Facts
Amenities
- Air Conditioning
Utilities
- Lighting
- Water
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Eskenazi Health
- Health Care and Social Assistance
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99,999 SF
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- -
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- Construction
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99,999 SF
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Lithko Contracting was established in 1992 by concrete construction professionals seeking better work-life balance. The company provides full-service concrete contracting including preconstruction and project execution for airports, healthcare facilities, and hospitality venues. Lithko operates with a local service model across multiple regions, focusing on community presence and career development. Their services encompass various construction sectors requiring concrete expertise. The company has grown through strategic acquisitions while maintaining its founding principles.
- Vortex Industries
- Professional, Scientific, and Technical Services
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99,999 SF
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| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Eskenazi Health | Health Care and Social Assistance | 99,999 SF | - | - | ||
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Construction | 99,999 SF | - | - | ||
| Vortex Industries | Professional, Scientific, and Technical Services | 99,999 SF | - | - |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 49-04-35-117-023.000-600 | Improvements Assessment | $4,841,700 |
| Land Assessment | $3,147,400 | Total Assessment | $7,989,100 |
Property Taxes
Parcel Number
49-04-35-117-023.000-600
Land Assessment
$3,147,400
Improvements Assessment
$4,841,700
Total Assessment
$7,989,100
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