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9560 E 59th St
Indianapolis, IN 46216
Office Property For Sale
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.
Property Facts
Property Type
Office
Building Size
6,800 SF
Building Class
B
Year Built
2003
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,800 SF
Building FAR
0.15
Lot Size
1.04 AC
Zoning
SU-9
Parking
30 Spaces (4.41 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 49-08-05-107-006.000-407 | Improvements Assessment | $756,400 |
| Land Assessment | $300,200 | Total Assessment | $1,056,600 |
Property Taxes
Parcel Number
49-08-05-107-006.000-407
Land Assessment
$300,200
Improvements Assessment
$756,400
Total Assessment
$1,056,600
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