3275 & 3295 Shadeland Avenue | 3275 Shadeland Ave
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3275 & 3295 Shadeland Avenue 3275 Shadeland Ave
4,617 SF Retail Building Indianapolis, IN 46226 £467,508 (£101/SF) 8.50% Net Initial Yield
Investment Highlights
- Universal and functional, free-standing flex/retail building
- Adjacent land available for building or parking expansion on south side of building
- Single-tenant, net leased investment
Executive Summary
Single-tenant, net leased investment property.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,617 SF
Building Class
C
Year Built/Renovated
1978/2022
Price
£467,508
Price Per SF
£101
Net Initial Yield
8.50%
NOI
£39,748
Tenancy
Single
Number of Floors
1
Building FAR
0.06
Land Acres
1.74 AC
Zoning
C-4 - Commercial
Parking
19 Spaces (4.12 Spaces per 1,000 SF Leased)
Frontage
263 ft on Shadeland Avenue
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | £111,543 | |
Land Assessment | £166,138 | Total Assessment | £277,681 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£166,138
Improvements Assessment
£111,543
Total Assessment
£277,681
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3275 & 3295 Shadeland Avenue | 3275 Shadeland Ave
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