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Stable Class A Office with Leasing Momentum 8910 Purdue Rd 136,472 SF 58% Leased Office Building Online Auction Sale Indianapolis, IN 46268
Investment Highlights
- One College Park, located at 8910 Purdue Road, presents a Class A trophy office asset that various professional tenants stabilize.
- Consistent leasing momentum supporting ROI as the subject offers an unbelievable tenant amenity base with numerous lodging and dining options.
- Features and amenities include a glass window-lined exterior, a beautiful two-story atrium, and a fitness and wellness center on-site.
- Within a professional hub of the College Park neighborhood of Indianapolis, off I-465, 16 miles from Downtown Indianapolis and IUI Indianapolis.
- Additional opportunity for an owner/user to occupy roughly 40% of the remaining space and offset expenses with the in-place rental income stream.
- Lodging nearby includes Embassy Suites, Homewood Suites, and Extended Stay America, while retailers include Costco, Trader Joe’s, Target, and Aldi.
Executive Summary
Colliers proudly presents One College Park, a Class A, 137,000-square-foot office asset to the market as a stable investment opportunity with cash-flow and leasing momentum available, or an owner/user opportunity to occupy, operate, and offset expenses with rental income.
The subject spans seven stories on an 8.37-acre parcel offering heavy parking (670 surface spaces), a shared building dock, and 21,000-square-foot floor plates. Constructed in 1985 and renovated in 2018, the office is currently home to long-held tenants in legal, finance, information, health care, and administrative services, as well as professional, scientific, and technical services.
Located less than 1 mile from Indianapolis’ massive Interstate 465 loop, city and regional connectivity is a breeze for tenants. The office is also located along an IndyGo bus line route, servicing daytime commuters. Indianapolis International Airport (IND) is about 24 miles southwest via the interstate.
Downtown Indianapolis is within a 20-minute drive, as is the Indiana University of Indianapolis (IUI) campus. IUI is a public research university affiliated with the core campus of the Indiana University system and enrolls about 5,000 students annually. Top fields of study include healthcare, business, technology, and public affairs, aligning with the subjects' capabilities and current tenant mix and contributing to the metro’s highly educated workforce.
The Indianapolis job market is also growing faster than the national rate. With 0.8% job growth over the past year, Indianapolis is outpacing the national job growth rate of 0.1%. Broader economic growth has outpaced the nation: real annual GDP growth in Indianapolis totaled 3.2%, compared to 2.4% nationally; over the past year, office-using employment increased by 0.3% in Indianapolis. The metro’s office-using sector makes up 23% of the Indianapolis employment base, compared with 21.7% nationally.
Property tours are by appointment only. Please contact the listing broker to schedule.
The subject spans seven stories on an 8.37-acre parcel offering heavy parking (670 surface spaces), a shared building dock, and 21,000-square-foot floor plates. Constructed in 1985 and renovated in 2018, the office is currently home to long-held tenants in legal, finance, information, health care, and administrative services, as well as professional, scientific, and technical services.
Located less than 1 mile from Indianapolis’ massive Interstate 465 loop, city and regional connectivity is a breeze for tenants. The office is also located along an IndyGo bus line route, servicing daytime commuters. Indianapolis International Airport (IND) is about 24 miles southwest via the interstate.
Downtown Indianapolis is within a 20-minute drive, as is the Indiana University of Indianapolis (IUI) campus. IUI is a public research university affiliated with the core campus of the Indiana University system and enrolls about 5,000 students annually. Top fields of study include healthcare, business, technology, and public affairs, aligning with the subjects' capabilities and current tenant mix and contributing to the metro’s highly educated workforce.
The Indianapolis job market is also growing faster than the national rate. With 0.8% job growth over the past year, Indianapolis is outpacing the national job growth rate of 0.1%. Broader economic growth has outpaced the nation: real annual GDP growth in Indianapolis totaled 3.2%, compared to 2.4% nationally; over the past year, office-using employment increased by 0.3% in Indianapolis. The metro’s office-using sector makes up 23% of the Indianapolis employment base, compared with 21.7% nationally.
Property tours are by appointment only. Please contact the listing broker to schedule.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Miscellaneous
Market Analytics Click Here to Access
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Building Size
136,472 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
1985/2018
Percent Leased
58%
Tenancy
Multiple
Building Height
7 Stories
Typical Floor Size
19,496 SF
Slab To Slab
8’
Building FAR
0.38
Lot Size
8.22 AC
Parcel Number
49-03-18-101-002.000-600
Zoning
C-4 - Commercial
Parking
670 Spaces (4.89 Spaces per 1,000 SF Leased)
Amenities
- Fitness Center
- Signage
- Natural Light
- Shower Facilities
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
- 2nd Fl-Ste 200
- 3,810 SF
- Office
- -
- Now
- 2nd Fl-Ste 215
- 927 SF
- Office
- -
- 30 Days
- 2nd Fl-Ste 240
- 2,004 SF
- Office
- -
- 30 Days
- 3rd Fl-Ste 301
- 5,466 SF
- Office
- Partial Build-Out
- Now
- 3rd Fl-Ste 320
- 2,002 SF
- Office
- -
- Now
- 4th Fl-Ste 450
- 12,897 SF
- Office
- Partial Build-Out
- Now
- 5th Fl-Ste 500
- 20,749 SF
- Office
- Partial Build-Out
- Now
- 6th Fl-Ste 640
- 1,413 SF
- Office
- Partial Build-Out
- Now
- 6th Fl-Ste 655
- 861 SF
- Office
- Partial Build-Out
- 30 Days
- 6th Fl-Ste 660
- 1,577 SF
- Office
- Partial Build-Out
- Now
- 6th Fl-Ste 665
- 3,262 SF
- Office
- Partial Build-Out
- 30 Days
- 6th Fl-Ste 670
- 2,202 SF
- Office
- Partial Build-Out
- Now
- 7th Fl-Ste 715
- 2,980 SF
- Office
- -
- Now
- 7th Fl-Ste 720
- 4,271 SF
- Office
- Partial Build-Out
- Now
| Space | Size | Space Use | Build-Out | Available |
| 2nd Fl-Ste 200 | 3,810 SF | Office | - | Now |
| 2nd Fl-Ste 215 | 927 SF | Office | - | 30 Days |
| 2nd Fl-Ste 240 | 2,004 SF | Office | - | 30 Days |
| 3rd Fl-Ste 301 | 5,466 SF | Office | Partial Build-Out | Now |
| 3rd Fl-Ste 320 | 2,002 SF | Office | - | Now |
| 4th Fl-Ste 450 | 12,897 SF | Office | Partial Build-Out | Now |
| 5th Fl-Ste 500 | 20,749 SF | Office | Partial Build-Out | Now |
| 6th Fl-Ste 640 | 1,413 SF | Office | Partial Build-Out | Now |
| 6th Fl-Ste 655 | 861 SF | Office | Partial Build-Out | 30 Days |
| 6th Fl-Ste 660 | 1,577 SF | Office | Partial Build-Out | Now |
| 6th Fl-Ste 665 | 3,262 SF | Office | Partial Build-Out | 30 Days |
| 6th Fl-Ste 670 | 2,202 SF | Office | Partial Build-Out | Now |
| 7th Fl-Ste 715 | 2,980 SF | Office | - | Now |
| 7th Fl-Ste 720 | 4,271 SF | Office | Partial Build-Out | Now |
2nd Fl-Ste 200
| Size |
| 3,810 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
2nd Fl-Ste 215
| Size |
| 927 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| 30 Days |
2nd Fl-Ste 240
| Size |
| 2,004 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| 30 Days |
3rd Fl-Ste 301
| Size |
| 5,466 SF |
| Space Use |
| Office |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
3rd Fl-Ste 320
| Size |
| 2,002 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
4th Fl-Ste 450
| Size |
| 12,897 SF |
| Space Use |
| Office |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
5th Fl-Ste 500
| Size |
| 20,749 SF |
| Space Use |
| Office |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
6th Fl-Ste 640
| Size |
| 1,413 SF |
| Space Use |
| Office |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
6th Fl-Ste 655
| Size |
| 861 SF |
| Space Use |
| Office |
| Build-Out |
| Partial Build-Out |
| Available |
| 30 Days |
6th Fl-Ste 660
| Size |
| 1,577 SF |
| Space Use |
| Office |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
6th Fl-Ste 665
| Size |
| 3,262 SF |
| Space Use |
| Office |
| Build-Out |
| Partial Build-Out |
| Available |
| 30 Days |
6th Fl-Ste 670
| Size |
| 2,202 SF |
| Space Use |
| Office |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
7th Fl-Ste 715
| Size |
| 2,980 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
7th Fl-Ste 720
| Size |
| 4,271 SF |
| Space Use |
| Office |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Demographics
Demographics
1 mile
3 mile
5 mile
2025 Population
6,414
55,008
144,951
2020 Population
6,919
55,589
144,270
2030 Population
6,391
55,976
148,892
2025-2030 Projected Population Growth
-0.4%
1.8%
2.7%
Daytime Employees
12,238
69,155
127,441
Total Businesses
1,223
6,296
12,916
Average Household Income
$91,632
$106,899
$125,534
Median Household Income
$69,551
$74,679
$91,512
Total Consumer Spending
$90.5M
$700.4M
$2B
Median Age
40.2
37.7
39.4
2025 Households
3,521
23,750
59,495
Percent College Degree or Above
30%
26%
28%
Average Home Value
$296,787
$418,857
$476,400
Sale Advisor
Sale Advisor
Rachel Patten, Director, Capital Markets
Rachel performs a wide array of data-financial tasks such as developing pro-forma financials, sophisticated financial spreadsheet modeling, and gathering and evaluating economic, demographic and real estate market data.
Prior to joining Colliers, Rachel gained invaluable investment experience with CBRE Capital Markets, specializing in industrial and multi-family investment sales.
Rachel has an impressive goal-oriented attitude and team-driven approach. As a former member of the Butler Women's Tennis team – and selected to the Big East All-Academic Team – she thrives in a competitive all-hands-in style to deliver exceptional client service.
Prior to joining Colliers, Rachel gained invaluable investment experience with CBRE Capital Markets, specializing in industrial and multi-family investment sales.
Rachel has an impressive goal-oriented attitude and team-driven approach. As a former member of the Butler Women's Tennis team – and selected to the Big East All-Academic Team – she thrives in a competitive all-hands-in style to deliver exceptional client service.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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Auction Contact
Sophy Cardenas
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Brkr RC51500217 Online Auction
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Contact the Sale Advisor
Stable Class A Office with Leasing Momentum | 8910 Purdue Rd
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Stable Class A Office with Leasing Momentum | 8910 Purdue Rd
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