7551 S Shelby St
Indianapolis, IN 46227
Office Property For Sale

7551 Shelby Street is a 29,968 square foot medical office building conveniently located along US Highway 31, granting immediate access to a supreme amenity base & labor pool in Greenwood, as well as the entire Indianapolis MSA via a 3-minute drive to Interstate-465, Indianapolis’ primary artery. Since being developed in 1986 & fully renovated in 2003, the Property has been meticulously operated & maintained and offers a compelling value-proposition relative to its local medical office competitive set. The investor benefits from a healthy remaining lease term in excess of 8 years to an investment grade credit tenant (Marion County Health & Hospital: Aa2 stable) at a below market rent. Additionally, the current occupancy at 65.68% provides the investor an exciting opportunity to add immediate value to the project by leasing the remaining 3rd floor vacancy. Especially in today’s peculiar capital markets environment, this offering represents the rare opportunity to secure long-term cash flow at a highly attractive basis with the ability to achieve double-digit unleveraged cash yields in the near-term.