Investment Opportunity-100% Leased MOB & ASC | 170 W 106th St
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Investment Opportunity-100% Leased MOB & ASC 170 W 106th St
15,880 SF 100% Leased Office Building Carmel, IN 46032 For Sale
Executive Summary
Hokanson Companies, Inc. is pleased to present the following investment opportunity in the
Carmel, IN market. The asset is a NNN investment opportunity to acquire a 15,880 SF medical office
building and surgery center in Hamilton County, Indiana. The two-story medical office building is
100% occupied by long-term tenants Meridian Plastic Surgery Center, Meridian Plastic Surgeons and
SPA 170 West. Situated on 1.07 acres, this asset is zoned Z001 for commercial medial clinics or offices and
is located at the Gateway to Carmel and Hamilton County.
All tenants have been in-place since the building opened in 1990. Rent is currently $24.50/SF and all will
extend for 10 years of new term upon closing.
The property is surrounded by Medical and Commercial development and sits in between the brand new Forte
Sports Medicine and Orthopedics Hospital and the Ascension St. Vincent Heart Hospital.
Carmel, IN market. The asset is a NNN investment opportunity to acquire a 15,880 SF medical office
building and surgery center in Hamilton County, Indiana. The two-story medical office building is
100% occupied by long-term tenants Meridian Plastic Surgery Center, Meridian Plastic Surgeons and
SPA 170 West. Situated on 1.07 acres, this asset is zoned Z001 for commercial medial clinics or offices and
is located at the Gateway to Carmel and Hamilton County.
All tenants have been in-place since the building opened in 1990. Rent is currently $24.50/SF and all will
extend for 10 years of new term upon closing.
The property is surrounded by Medical and Commercial development and sits in between the brand new Forte
Sports Medicine and Orthopedics Hospital and the Ascension St. Vincent Heart Hospital.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
15,880 SF
Building Class
B
Year Built
1990
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
15,880 SF
Building FAR
0.37
Lot Size
0.98 AC
Zoning
C - Commercial
Parking
73 Spaces (4.6 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 29-13-02-000-026.000-018 | Improvements Assessment | £671,186 |
| Land Assessment | £376,750 | Total Assessment | £1,047,935 |
PROPERTY TAXES
Parcel Number
29-13-02-000-026.000-018
Land Assessment
£376,750
Improvements Assessment
£671,186
Total Assessment
£1,047,935
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Investment Opportunity-100% Leased MOB & ASC | 170 W 106th St
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