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The Veranda Compound 725 E 65th St 9,506 SF Office Building Indianapolis, IN 46220 $3,995,000 ($420.26/SF)
Investment Highlights
- Immediate acquirer occupancy opportunities.
- Located in Broad Ripple Village, 1 of only 7 recognized cultural districts in Indianapolis.
- Established tenants (Bobby Cooper Salon, Barre Ripple Movement, Absolute Endodontics) with below-market rents.
- Four-story boutique office/retail lifestyle complex.
- Steps from the Monon Trail.
- Two Red Line stops within 2 blocks either direction on College Avenue.
Executive Summary
The Veranda Compound
Total SF: 11,873 SF:
- 9,506 SF - Veranda, 4-story bldg.
- 1,687 SF - Commercial bungalow
- 6418 Carrollton Ave.
- 680 SF - Garage/storage bldg.
- 6421 N. College Ave.
Total SF: 11,873 SF:
- 9,506 SF - Veranda, 4-story bldg.
- 1,687 SF - Commercial bungalow
- 6418 Carrollton Ave.
- 680 SF - Garage/storage bldg.
- 6421 N. College Ave.
Property Facts
Sale Type
Owner User
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
9,506 SF
Building Class
B
Year Built
2006
Price
$3,995,000
Price Per SF
$420.26
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
2,377 SF
Building FAR
1.28
Lot Size
0.17 AC
Zoning
MU2
Parking
32 Spaces (3.37 Spaces per 1,000 SF Leased)
Amenities
- Balcony
Very walkable
80/100
Moderately drivable
70/100
Limited public transit
30/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 49-03-36-100-020.000-801 | Improvements Assessment | $1,053,300 |
| Land Assessment | $122,300 | Total Assessment | $1,175,600 |
Property Taxes
Parcel Number
49-03-36-100-020.000-801
Land Assessment
$122,300
Improvements Assessment
$1,053,300
Total Assessment
$1,175,600
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Contact the Sale Advisor
The Veranda Compound | 725 E 65th St