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"AAA" Credit State of Indiana - 5-Year Lease 4550 Victory Ln

40,204 SF Office Building Indianapolis, IN 46203 £4,499,088 (£112/SF) 8.05% Net Initial Yield

Investment Highlights

  • Investment grade tenancy backed by State of Indiana - "AAA" credit
  • Strategic location with easy highway access to both I-465 and I-65
  • Well-funded agency with critical mission and long-term tenancy in the building creating a high likelihood of renewal

Executive Summary

State of Indiana FSSA – Division of Family Resources, 100% leased, 4-star asset. Fully renovated in 2024 to meet tenant's specifications. Lease rate escalates by $.25/SF annually. Tenant is also reimbursing Landlord for its tenant improvements over the next 3 years, this amount is not included in the NOI. Outstanding TI loan balance will be added to the purchase price at closing.

Attachments

Division of Family Resources-BRO
4550 Confidentiality Agreement FORM

Data Room Click Here to Access

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
40,204 SF
Building Class
B
Year Built/Renovated
1991/2024
Price
£4,499,088
Price Per SF
£112
Net Initial Yield
8.05%
NOI
£362,274
Tenancy
Single
Number of Floors
1
Typical Floor Size
40,204 SF
Building FAR
0.16
Land Acres
5.64 AC
Zoning
CS - commercial
Parking
220 Spaces (5.47 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Controlled Access
  • Conferencing Facility
  • Property Manager on Site
  • Security System
  • Signage
  • Waterfront
  • Reception
  • Monument Signage
  • Outdoor Seating
  • Air Conditioning

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Indiana FSSA, Division of Family Resources
  • Health Care and Social Assistance
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Indiana FSSA, Division of Family Resources Health Care and Social Assistance 99,999 SF - Lorem Ipsum Jan 0000
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4550 Victory Ln, Indianapolis, IN - aerial map view

PROPERTY TAXES

Parcel Number 49-10-34-105-001.000-300 Improvements Assessment £1,550,268
Land Assessment £319,474 Total Assessment £1,869,743

PROPERTY TAXES

Parcel Number
49-10-34-105-001.000-300
Land Assessment
£319,474
Improvements Assessment
£1,550,268
Total Assessment
£1,869,743
(317) 726-7305

  • Listing ID: 32973159

  • Date on Market: 27/08/2024

  • Last Updated:

  • Address: 4550 Victory Ln, Indianapolis, IN 46203

The Office Property at 4550 Victory Ln, Indianapolis, IN 46203 is currently available For Sale. Contact Cushman & Wakefield for more information.

Office PROPERTIES IN NEARBY NEIGHBOURHOODS

Nearby Listings

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4550 Victory Ln, Indianapolis, IN for sale Building Photo- Image 1 of 8
Straight on front view_4550 Victory Lane
4550 Victory Ln, Indianapolis, IN for sale Building Photo- Image 2 of 8
Front from Right Side_4550 Victory Lane
4550 Victory Ln, Indianapolis, IN for sale Building Photo- Image 3 of 8
Rear of Bldg_4550 Victory Ln
4550 Victory Ln, Indianapolis, IN for sale Building Photo- Image 4 of 8
Pond_Fountain_4550 Victory Ln
4550 Victory Ln, Indianapolis, IN for sale Building Photo- Image 5 of 8
Parking_Conduent Sign_4550 Victory Ln
4550 Victory Ln, Indianapolis, IN for sale Aerial- Image 6 of 8
Full Page Aerial_4550 Victory Lane
4550 Victory Ln, Indianapolis, IN for sale Building Photo- Image 7 of 8
Aerial incl Indy skyline_4550 Victory Lane

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"AAA" Credit State of Indiana - 5-Year Lease | 4550 Victory Ln

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Rebecca Wells

(317) 726-7305

(317) 726-7305

Russ VanTil

(317) 607-6814

(317) 607-6814

Jimmy Grund

(317) 616-4025

(317) 616-4025

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