7350 E 86th St
Indianapolis, IN 46256
Industrial Property For Sale

Marcus & Millichap is pleased to present the Paragon Medical Instrument and Implant Division; a subsidiary of NN, Inc. The property was built in 1997 and sits on approximately 3.95 acres of land located on East 86th Street in the northeast quadrant of Indianapolis. The subject provides easy access to interstate systems and Interstate 69 exposure. The facility consists of over 42,000-square-feet of rentable space; 19,981 warehouse, 15,642 showroom, and 4,240 of office space on the second floor. In April 2018 NN, Inc., a diversified industrial company announced an agreement to acquire PMG Intermediate Holding Company, the parent company of Paragon Medical, Inc. for $375 million. NN, Inc. has three business groups within their organization: Life Sciences, Mobile Solutions, and Power Solutions. As part of their Life Sciences Group, Paragon Medical develops and manufactures surgical instruments and implant devices. Some of NN Life Sciences capabilities include Design & Development, Metal Stamping, and CNC Milling and Turning. They bring innovation and world-class quality to arthroscopy, drug delivery, diagnostics, endoscopy, laparoscopy, orthopedics, sports medicine, and trauma. Moody’s has issued a NN, Inc. a Credit Rating of B2, with a stable outlook.