• Broker Julia Evinger 3174376544

Carmel Tech Center Portfolio 3 Flex Properties Offered at $30,100,000 in Carmel, IN

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INVESTMENT HIGHLIGHTS

  • Infill Location: 3 Building Industrial Flex Portfolio | 60% Warehouse | 40% Office | Central Carmel, IN | 209,056 SF on 16.18 AC
  • 88% Current Occupancy
  • Affluent Carmel, IN: AHHI $166,499 (3 Miles) | Total Population 102,296
  • Diverse Tenant Mix: Tech, Medical, Service, Arts & Entertainment | 34% GLA Publicly Traded Companies
  • Meridian St Corridor: 2nd Largest Office Hub in Indiana | Home to 100+ Corporate HQs

EXECUTIVE SUMMARY

Marcus & Millichap is pleased to exclusively present for sale Carmel Tech Center, a rare investment opportunity in the heart of Carmel, Indiana. This trophy asset comprises a three-building, 209,056 SF industrial flex portfolio situated on 16.18 acres in Hamilton County, the fastest-growing county in Indiana, with an 86% population growth from 2001 to 2022. Located in the Indianapolis MSA (Population: 2,138,468, Ranked 34th in the U.S.), Carmel is recognized as the second most affluent city in the metro area with a total population of 102,296 and AHHI of $166,499 (within 3 miles).
Built in 1988 and renovated in 2004, 2016, and 2022, the properties have been well maintained and have a strong history of high occupancy. Located in a high-demand area, Carmel Tech Center offers excellent connectivity with convenient access to I-465 (145,537 VPD) and US-31 (83,379 VPD). Offered below replacement cost, this asset provides exceptional value for investors seeking stable cash flow and future growth. Attractive debt is available, allowing for immediate positive cash flow in the first year. This opportunity is ideally suited for a wide range of investors, including family offices, private equity funds, high-net-worth individuals, and 1031 exchange prospects

PROPERTY FACTS

Price $30,100,000
Price / SF $144.87 / SF
Sale Condition Bulk/Portfolio Sale
Cap Rate 7.52%
Sale Type Investment
Status Under Contract
Number of Properties 3
Individually For Sale 0
Total Building Size 207,766 SF
Total Land Area 16.10 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
Tech Center 2
12302-12388 Hancock St, Carmel, IN 46032 		Flex 73,466 SF 1987 -
Tech Center 1
833-887 W Carmel Dr, Carmel, IN 46032 		Flex 58,174 SF 1994 -
Tech Center 3
12202-12292 Hancock St, Carmel, IN 46032 		Flex 76,126 SF 1987 -
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MAP

ADDITIONAL PHOTOS

View Photo 833-887 W Carmel Dr
View Photo 12302-12388 Hancock St
View Photo 12202-12292 Hancock St

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