5342 W Vermont St 19,700 SF Office Building Indianapolis, IN 46224 $3,599,466 CAD ($182.71 CAD/SF) 8.55% Cap Rate

Situated within a luxurious park-like setting, and boasting abundant natural light, this exceptionally well maintained, Class B+ office building is located at the northwest corner of W Vermont St and N Lynhurst Dr. With multiple 5-minute approaches to I-465 via both Rockville Road and W 10th Streets, and only 14 minutes to Indianapolis International Airport, the property is ideally suited for Owners and Users alike to enjoy and prosper.
The property is located 7 minutes from the Indianapolis Motor Speedway, with all the related motorsport and additional businesses/industries expanding in the immediate area. The surrounding areas also provide access to abundant dining, retail, entertainment, and lodging opportunities.
The current tenants occupy the full 19,700 SF but are willing to negotiate either full vacancy or a small percentage of the space.
NOTE: According to FEMA flood map panel number 18097C0119F, dated April 19, 2016, the northern portion of the property is located in Zone X (500-year floodplain), defined as areas of 0.2% annual chance of flood. However the FEMA Flood Map Is INCORRECT! All of the property is actually over 25 FT above Base Flood Elevation (BFE). A Letter of Map Amendment (LOMA) application has been made with FEMA to remove the 500-year floodplain designation.