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9560 E 59th St 6,800 SF Office Building Indianapolis, IN 46216 $2,781,406 CAD ($409.03 CAD/SF) 7.75% Cap Rate
Investment Highlights
- Investment-Grade Credit Tenant – Leased to Community Health Network, a leading regional healthcare system with an A+ S&P credit rating
- Built-In Rent Growth – Lease features 2.5% annual rental increases, offering predictable cash flow growth and a hedge against inflation.
- Strategic Indianapolis Location – Positioned in a well-established medical and commercial corridor on Indianapolis northeast side
- Recently Exercised Lease Renewal – Tenant recently exercised a five-year renewal, demonstrating continued commitment to the location
- Stabilized Single-Tenant Medical Asset – ±6,800 square foot medical office building situated on ±1.04 acres, requiring minimal management.
- Recession-Resistant Use – Medical office real estate historically outperforms through economic cycles, supported by essential healthcare services.
Executive Summary
Broker of Record
Kyle Matthews
License # RC52200195 (IN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # 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
Office
Building Size
6,800 SF
Building Class
B
Year Built
2003
Price
$2,781,406 CAD
Price Per SF
$409.03 CAD
Cap Rate
7.75%
NOI
$215,559 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,800 SF
Building FAR
0.15
Lot Size
1.04 AC
Opportunity Zone
Yes
Parking
30 Spaces (4.41 Spaces per 1,000 SF Leased)
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Property Taxes
| Parcel Number | 49-08-05-107-006.000-407 | Improvements Assessment | $964,215 CAD |
| Land Assessment | $404,949 CAD | Total Assessment | $1,369,164 CAD |
Property Taxes
Parcel Number
49-08-05-107-006.000-407
Land Assessment
$404,949 CAD
Improvements Assessment
$964,215 CAD
Total Assessment
$1,369,164 CAD
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9560 E 59th St
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