North Meridian Professional Center
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North Meridian Professional Center
3 Office Properties Offered at $15,293,996 CAD in Indianapolis, IN
Investment Highlights
- Central/Strategic location between multiple hospitals, health systems & surgery centers.
- Exceptional Mix of Credit Tenants.
- Stabilized with Term for Steady Cash Flow with Additional Upside.
- Synergistic Tenant Mix.
Executive Summary
Highgate Partners is pleased to exclusively present the opportunity to acquire N. Meridian Medical Office Park, a three-building medical office park totaling 72,383 square feet and located along the main medical corridor of Indianapolis, Indiana. This multitenant property is currently 93% leased and is strategically located between a plethora of hospitals and surgery centers to include: Indiana University Heath (3 campuses), Franciscan Health, Ascension (2 campuses), St. Vincent Hospital, and Peyton Manning Children’s Hospital. With its strategically premier location and strong tenant mix, N. Meridian Medical Office Park is positioned to capitalize on the tremendous tenant credit,
below market rental rates and impeccably stout leasing activity.
This opportunity is highlighted by a number of factors, including an impressive diverse
and credit tenant mix, tremendous leasing velocity, and an exceptional healthcare location
amidst a highly desirable patient population.
below market rental rates and impeccably stout leasing activity.
This opportunity is highlighted by a number of factors, including an impressive diverse
and credit tenant mix, tremendous leasing velocity, and an exceptional healthcare location
amidst a highly desirable patient population.
Data Room Click Here to Access
- Offering Memorandum
- Market Information
Property Facts
| Price | $15,293,996 CAD | Number of Properties | 3 |
| Price / SF | $211.51 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 7.70% | Total Building Size | 72,309 SF |
| Sale Type | Investment | Total Land Area | 4.22 AC |
| Status | Active |
| Price | $15,293,996 CAD |
| Price / SF | $211.51 CAD / SF |
| Cap Rate | 7.70% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 72,309 SF |
| Total Land Area | 4.22 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
North Meridian Professional Center
8801 N Meridian St, Indianapolis, IN 46260 |
Office | 27,079 SF | 1980 | - |
|
North Meridian Professional Center
8803 N Meridian St, Indianapolis, IN 46260 |
Office | 28,510 SF | 1981 | - |
|
North Meridian Professional Center
8805 N Meridian St, Indianapolis, IN 46260 |
Office | 16,720 SF | 2002 | - |
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Andrew Murphy -
Beau Terrell -
Highgate Partners
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