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5342 W Vermont St 19,700 SF Office Building Indianapolis, IN 46224 $3,629,392 CAD ($184.23 CAD/SF) 8.55% Cap Rate
INVESTMENT HIGHLIGHTS
- $500,000 Price Reduction!!! - New List $2,600,000 + $100,000 HVAC Allowance
- OWNER/USER: Current Tenant Will Vacate or Lease Partial Square Footage.
- Multiple Conference Rooms, Meeting, Training, Flex, Coworking Space, Wet Bar and Media Center w/50+ person capacity
- OWNER/INVESTOR: NNN Lease (12-31-2027 Exp.), $222,202 NOI, 8.55 CAP, 2% Annual Base Escalations.
- 19,700 SF - Class B+ Office Building
- New Roof and Gutters 2017
EXECUTIVE SUMMARY
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: While FEMA / DNR FIRMS show the property is located within a 500-year floodplain the property is actually over 30 ft. above the Base Flood Elevation (BFE), (See associated documentation.) No Flood Insurance is currently required, but if desired a LOMR can be secured to have the property completely removed from the Flood Insurance Rate Map (FIRM).
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: While FEMA / DNR FIRMS show the property is located within a 500-year floodplain the property is actually over 30 ft. above the Base Flood Elevation (BFE), (See associated documentation.) No Flood Insurance is currently required, but if desired a LOMR can be secured to have the property completely removed from the Flood Insurance Rate Map (FIRM).
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
19,700 SF
Building Class
B
Year Built/Renovated
1990/2015
Price
$3,629,392 CAD
Price Per SF
$184.23 CAD
Cap Rate
8.55%
NOI
$310,176 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
19,700 SF
Building FAR
0.23
Lot Size
1.96 AC
Zoning
C-4
Parking
60 Spaces (3.04 Spaces per 1,000 SF Leased)
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Greenwalt CPAs, Inc.
- Professional, Scientific, and Technical Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Greenwalt CPAs, Inc. | Professional, Scientific, and Technical Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
1 1
PROPERTY TAXES
| Parcel Number | 49-12-01-116-008.000-900 | Improvements Assessment | $2,619,217 CAD |
| Land Assessment | $270,663 CAD | Total Assessment | $2,889,880 CAD |
PROPERTY TAXES
Parcel Number
49-12-01-116-008.000-900
Land Assessment
$270,663 CAD
Improvements Assessment
$2,619,217 CAD
Total Assessment
$2,889,880 CAD
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5342 W Vermont St
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