Avon Professional Buildings

7517 Beechwood Centre Rd, Avon, Indiana 46123

  • Property Subtypes Medical
  • Building Size (RSF) 15,773 SF
  • Gross Building Area 15,773 SF
  • Building Name 7517 & 7519 Beechwood Centre Rd
  • Building Status Existing
  • Sale Price $1,500,000.00 - Total
  • Property Use Type Investment
  • Class of Space N/A
  • Total Land Size 2.1 Acres
  • Sale Terms Undisclosed
  • Cap Rate Undisclosed
  • Last Updated 9/2/2020
  • Status active

Overview / Comments

Located at 7517 & 7519 Beechwood Centre Road in Avon, Indiana, a primary western suburb within the Indianapolis MSA, Avon Professional Buildings is a multi-tenant, medical office park comprised of two (2) single-story buildings, totaling 15,773 rentable square feet which stand 67% occupied by four (4) tenants spanning a wide-variety of services from dental care to mental health counseling. The Property benefits from immediate access to Highway 36 / Rockville Road providing best-in-class amenity & population density within a 3-mile radius. This offering presents a rare, value-add investment opportunity to acquire a 67% occupied medical office park with all remaining vacancy comprised in one, contiguous suite. The investor is presented with the opportunity to add immediate value to the property by leasing the final vacancy remaining and moving the in-place rental rates to market which currently stand 35% below market. Furthermore, The Property is offered at pricing 50% below replacement cost providing a competitive advantage in leasing efforts further bolstering the risk-adjusted yield.

Additional Details

  • Tax ID/APN 32-10-02-451-004.000-031; 32-10-02-451-005.000-031
  • Zoning C-2, C-3
  • Total Number of Buildings 2
  • Year Built 2001

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