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9560 E 59th St 6,800 SF Office Building Indianapolis, IN 46216 $2,061,935 ($303.23/SF) 7.75% Cap Rate

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Investment Highlights

Investment-Grade Credit Tenant – Leased to Community Health Network, a leading regional healthcare system with an A+ S&P credit rating
Built-In Rent Growth – Lease features 2.5% annual rental increases, offering predictable cash flow growth and a hedge against inflation.
Strategic Indianapolis Location – Positioned in a well-established medical and commercial corridor on Indianapolis northeast side

Recently Exercised Lease Renewal – Tenant recently exercised a five-year renewal, demonstrating continued commitment to the location
Stabilized Single-Tenant Medical Asset – ±6,800 square foot medical office building situated on ±1.04 acres, requiring minimal management.
Recession-Resistant Use – Medical office real estate historically outperforms through economic cycles, supported by essential healthcare services.

Executive Summary

Broker of Record
Kyle Matthews
License # RC52200195 (IN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550

Property Facts

Sale Type

Investment

Property Type

Office

Building Size

6,800 SF

Building Class

Year Built

2003

Price

$2,061,935

Price Per SF

$303.23

Cap Rate

7.75%

NOI

$159,800

Tenancy

Single

Building Height

1 Story

Typical Floor Size

6,800 SF

Building FAR

0.15

Lot Size

1.04 AC

Opportunity Zone

Yes

Parking

30 Spaces (4.41 Spaces per 1,000 SF Leased)

Property Taxes

Parcel Number	49-08-05-107-006.000-407	Improvements Assessment	$714,800
Land Assessment	$300,200	Total Assessment	$1,015,000

Property Taxes

Parcel Number

49-08-05-107-006.000-407

Land Assessment

$300,200

Improvements Assessment

$714,800

Total Assessment

$1,015,000

(847) 204-7103

Contact

Jacob Friedman
Matthews Real Estate Investment Services

Listing ID: 39251218
Date on Market: 1/29/2026
Last Updated:
Address: 9560 E 59th St, Indianapolis, IN 46216

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9560 E 59th St

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