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Dynamic Tenant Base and Strong NOI with Significant Lease-Up Opportunity

 

  • The largest Tenant, Total Quality Logistics, leases over 23,000 SF and has leased at the building since 2013 with term through November 2021
  • Seven (7) of the 16 in-place Tenants have leased at the building since 2007 or earlier
  • All of the vacant units are fully built out and leasable in their current condition
  • The building features two (2) commercial grade elevators, two (2) common area restrooms per floor, a fab security system, a full sprinkler system, tenant directories, on-site maintenance, an outdoor common area backing up to the pond, and a 600-surface level parking lot on site
  • Located less than one (1) mile south of Interstate 465 (I-465)

 

Lakeside at College Park (the "Property") is a three (3) story, multi-tenant office building located at 8777 Purdue Road in Indianapolis, Indiana. Located in College Park, a 200-acre commercial development approximately 10 miles north of downtown Indianapolis, the Property finds itself surrounded by retail, office, and medical users. Extremely well located less than one (1) mile south of Interstate 465 (I-465), providing access to the rest of the Interstate System. Comprised of three (3) stories, the building is currently 62.7% occupied with a strong in-place NOI. The building consists of 27 suites, 16 of which are leased by a mixture of professional office Tenants including Total Quality Logistics (TQL), Founders Insurance, US Comptroller of the Currency, and Eagle Land Title, among others. Additionally, the building features two (2) commercial grade elevators, two (2) common area restrooms per floor, a fab security system, a full sprinkler system, tenant directories, on-site maintenance, an outdoor common area backing up to the pond, and a 600-surface level parking lot on site. The offering provides investors the opportunity to purchase an already cash flowing Property with the ability to add-value through lease-up and increasing the NOI

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Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

Lakeside at College Park

8777 Purdue Road, Indianapolis, IN 46268

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Asset Snapshot

  • Asset Type
  • Real Estate
  •  
  • Office Type
  • Suburban Office
  • Property Size
  • 85,798 Sq Ft
  • Land Area
  • 5.83 Acres
  • Year Built
  • 1982
  • Number of Floors
  • 3
  • Number of Buildings
  • 1
  • Occupancy
  • 66.00%
  • Occupancy as of
  • Jul 01, 2018
  • Platform Fee

    Platform fee for this transaction is 5.00% or a minimum of $25,000.

  • Auctioneer

    1. Dennis Jackson

      c/o Fisher Auction Company Inc.

      License: #AU01014422