Metroplex II | 8383 Craig St
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Metroplex II 8383 Craig St
80,000 SF 91% Leased Office Building Indianapolis, IN 46250 £4,183,103 (£52/SF) 7.72% Net Initial Yield
Investment Highlights
- 1031 Exchange
- Current Income
Executive Summary
For Sale - Large 80,000+/- SF Multi Tenant Office Property - Located at 8383 Craig Street, Indianapolis, Indiana 46250
15-16 Tenants - Currently at Full Occupancy with varying lease terms left.
345 Parking Spaces, all at front door of each suite.
Located near & close to everything. Interstates I-69/ I-465. Retail Shopping, Post Office & Hospitals.
Building offers great Upside for Buyers.
Recent New roof & 12 new HVAC Units in 2023..
This Property is Located well on Indianpolis NE SIDE. It is Easy to Lease, Easy to Manage and has a lot of Flexibility for Tenants.
15-16 Tenants - Currently at Full Occupancy with varying lease terms left.
345 Parking Spaces, all at front door of each suite.
Located near & close to everything. Interstates I-69/ I-465. Retail Shopping, Post Office & Hospitals.
Building offers great Upside for Buyers.
Recent New roof & 12 new HVAC Units in 2023..
This Property is Located well on Indianpolis NE SIDE. It is Easy to Lease, Easy to Manage and has a lot of Flexibility for Tenants.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Building Size
80,000 SF
Building Class
C
Year Built
1986
Price
£4,183,103
Price Per SF
£52
Net Initial Yield
7.72%
NOI
£323,114
Percent Leased
91%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
80,000 SF
Building FAR
0.23
Land Acres
8.00 AC
Zoning
C-1 - General Office & Creative Office Commercial
Parking
345 Spaces (4.31 Spaces per 1,000 SF Leased)
Amenities
- Property Manager on Site
- Signage
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
7600 SF Now Vacant. Can demise downward to 2500 SF Suite. TI Dollars available. Rate subject to change with TI. Great Garden Style Office Space.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 240 | 2,500-7,600 SF | Office | Full Build-Out | Now |
1st Fl-Ste 240
| Size |
| 2,500-7,600 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
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1st Fl-Ste 240
| Size | 2,500-7,600 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
7600 SF Now Vacant. Can demise downward to 2500 SF Suite. TI Dollars available. Rate subject to change with TI. Great Garden Style Office Space.
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PROPERTY TAXES
| Parcel Number | 49-02-22-105-009.000-400 | Improvements Assessment | £1,401,399 |
| Land Assessment | £1,730,359 | Total Assessment | £3,131,758 |
PROPERTY TAXES
Parcel Number
49-02-22-105-009.000-400
Land Assessment
£1,730,359
Improvements Assessment
£1,401,399
Total Assessment
£3,131,758
-
Ted McClure -
McClure Commercial & Industrial Real Estate
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3D TOUR
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STREET VIEW
STREET
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Metroplex II | 8383 Craig St
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