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Urban Air & Crunch Fitness Building 14450 Mundy Dr 66,469 SF 100% Leased Retail Building Noblesville, IN 46060 $15,217,289 CAD ($228.94 CAD/SF) 7.10% Cap Rate

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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 Advisors: a Class A 66,469 sf, 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 office development, 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 (CAD) ANNUAL PER SF (CAD)
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 (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual $99,999
Annual Per SF $9.99
Vacancy Loss (CAD)
Annual $99,999
Annual Per SF $9.99
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
66,469 SF
Building Class
C
Year Built/Renovated
2003/2024
Price
$15,217,289 CAD
Price Per SF
$228.94 CAD
Cap Rate
7.10%
NOI
$1,080,428 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
3 Exterior
Building FAR
0.13
Lot Size
11.45 AC
Zoning
C-1 - Commercial
Parking
323 Spaces (4.86 Spaces per 1,000 SF Leased)
Frontage
500’ on State Road 37 & 146th St

AMENITIES

  • 24 Hour Access
  • Pylon Sign
  • Security System
  • Signage
  • Tenant Controlled HVAC
  • Wheelchair Accessible
  • Air Conditioning
  • Smoke Detector

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

NEARBY MAJOR RETAILERS

Crunch Fitness
Dutch Bros Inc.
Regions Bank
PNC Bank
Starbucks
Chase Bank
Pickleman's Gourmet Cafe
Buffalo Wild Wings
Del Toyota
Zaxby's

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 29-11-19-039-004.000-019
  • 29-11-19-039-003.000-019
Land Assessment
$4,152,462 CAD (2024)
Improvements Assessment
$1,861,191 CAD (2024)
Total Assessment
$6,013,653 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025 Payable 2025
  • Listing ID: 31948448

  • Date on Market: 2024-05-29

  • Last Updated:

  • Address: 14450 Mundy Dr, Noblesville, IN 46060

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