East 86th Street Office Park

7320-7330 E 86th Street, Indianapolis, Indiana 46256

  • Property Subtypes Office Building , Business Park
  • Building Size (RSF) 51,691 SF
  • Gross Building Area 51,691 SF
  • Building Status Existing
  • Sale Price Contact Agent
  • Property Use Type Investment
  • Class of Space N/A
  • Total Land Size 4.75 Acres
  • Sale Terms Undisclosed
  • Cap Rate Undisclosed
  • Auction Avg Occupancy Rate 95.5%
  • Last Updated 8/15/2019
  • Status expired

Overview / Comments

Colliers International has been retained as the exclusive advisor and agent to sell the 100% fee simple interest in the East 86th Street Office Park, a portfolio consisting of two, single-story office/flex buildings located in Indianapolis, Indiana. Located in the Northeast submarket with premier visibility along Interstate 69, the assets have immediate connectivity to Indianapolis’s affluent suburbs of Fishers, Noblesville, and Carmel. The Portfolio contains 51,691 rentable square feet of office space with convenient drive-to-your door access, exposure to over 148,000 vehicles per day, and direct access to the primary Indianapolis retail corridor. The Portfolio benefits from a weighted average remaining lease term of 4.31 years amongst a diverse group of tenants currently paying nearly 30% below market rents relative to competitors, 60% of which have occupied the Portfolio since 2003. Additionally, since its construction in 2001/2002, the Portfolio has maintained average occupancy in excess of 90%. With recent renewals & renovations for both anchor tenants, a brand new TPO roof on 60% of the Portfolio and an 18 year proven history of outperforming the market occupancy, the East 86th Street Office Park is a highly-secure, risk-adjusted cash yield investment with substantial upside offered at below replacement cost in a competitive infill location.

Additional Details

  • Tax ID/APN 49-02-14-111-011.000-400
  • Property Visibility Excellent
  • Total Number of Buildings 2
  • Number of Stories 1
  • Year Built 2001/2002

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