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3804 N Delaware St
Indianapolis, IN 46205
Mortenson Dental Partners · Office Property For Sale


Investment Highlights
- 150+ location DSO operator with presence across 10 states
- Dense demographics: 123,000+ residents within a 5-mile radius
- Priced at $200/SF, below replacement cost for downside protection
- Tenant recently exercised five-year renewal option showing commitment
- Healthcare real estate resistant to recessions and e-commerce
- NNN lease with minimal landlord responsibilities — ideal 1031 asset
Executive Summary
Broker of Record
Kyle Matthews
License # RB17001213, RC52200195 (IN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # RB17001213, RC52200195 (IN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Building Size
3,280 SF
Building Class
B
Year Built
1991
Price
$907,569 CAD
Price Per SF
$276.70 CAD
Cap Rate
8.50%
NOI
$77,143 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,280 SF
Building FAR
0.24
Lot Size
0.31 AC
Property Taxes
| Parcel Number | 49-06-13-115-022.000-801 | Improvements Assessment | $263,416 CAD |
| Land Assessment | $61,427 CAD | Total Assessment | $324,843 CAD |
Property Taxes
Parcel Number
49-06-13-115-022.000-801
Land Assessment
$61,427 CAD
Improvements Assessment
$263,416 CAD
Total Assessment
$324,843 CAD
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