Urban Air & Crunch Fitness Building | 14450 Mundy Dr
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Urban Air & Crunch Fitness Building 14450 Mundy Dr
66,469 SF 100% Leased Retail Building Noblesville, IN 46060 £8,690,110 (£131/SF) 7.10% Net Initial Yield
Investment Highlights
- 100% occupied by 2 National Franchisees - Crunch Fitness and Urban Air Adventure Parks
- Urban Air has 5 years on its lease with options to renew every 5 years with a 10% increase
- Class A+ Modern Building - Last Renovated in 2024
- Crunch Fitness has 10 years on its Lease
- Huge Parking Lot with 323 spots
Executive Summary
Presenting a premier opportunity from BHHS IN REALTY COMMERCIAL DIVISION: a Class A 66,469 sq ft, fully leased multi-tenant property ideally situated in Noblesville, neighboring Carmel and Fishers. Recently remodeled to accommodate esteemed anchor tenants Urban Air Adventure Park and Crunch Fitness, both with long-term lease commitments. With a robust cap rate of 7.1%, this investment beckons savvy investors.
Prime commercial property nestled at the bustling x-roads of Rt 37 & 146th, at the heart of Carmel, Fishers, and Noblesville in Hamilton County, Indiana. Next to major establishments like new Costco, Corporate Campus, Community Health, CVS & banking facilities, it offers unparalleled exposure for businesses.
Prime commercial property nestled at the bustling x-roads of Rt 37 & 146th, at the heart of Carmel, Fishers, and Noblesville in Hamilton County, Indiana. Next to major establishments like new Costco, Corporate Campus, Community Health, CVS & banking facilities, it offers unparalleled exposure for businesses.
Data Room Click Here to Access
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
66,469 SF
Building Class
C
Year Built/Renovated
2003/2024
Price
£8,690,110
Price Per SF
£131
Net Initial Yield
7.10%
NOI
£616,998
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Loading Docks
3 Exterior
Building FAR
0.13
Land Acres
11.45 AC
Zoning
C-1 - Commercial
Parking
323 Spaces (4.86 Spaces per 1,000 SF Leased)
Frontage
500 ft on State Road 37 & 146th St
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Crunch Fitness
- Arts, Entertainment, and Recreation
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
-
- Arts, Entertainment, and Recreation
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Urban Air Adventure Park is the ultimate indoor adventure park where kids of all ages (and kids at heart) can explore thrilling attractions, challenge their body and mind, and most importantly…have a blast! They are more than just an average trampoline park. Their indoor adventure parks provide a safe place for the whole family to jump, soar, race, climb, and play. Fun awaits rain or shine. With parks all across the U.S. and in Canada, there’s an Urban Air ready to welcome all customers.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Crunch Fitness | Arts, Entertainment, and Recreation | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 | |
|
|
Arts, Entertainment, and Recreation | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
PROPERTY TAXES
| Parcel Numbers | Total Assessment | £6,071,592 (2023) | |
| Land Assessment | £3,037,098 (2023) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £3,034,494 (2023) | Tax Year | 2025 Payable 2025 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£3,037,098 (2023)
Improvements Assessment
£3,034,494 (2023)
Total Assessment
£6,071,592 (2023)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2025 Payable 2025
-
David Turk -
Dan O'Neil -
Berkshire Hathaway
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Urban Air & Crunch Fitness Building | 14450 Mundy Dr
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