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Office Building with Freight Elevator
For Lease
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1320 City Center Drive, Carmel, IN 46032

Office building at Penn Office Park includes two elevators, including one passenger and freight unit.

Space Size12,837 SF
Days on Market44

Property Features for 1320 City Center Drive

General Information

Standard status Active
Size 12,837 SF
Property subtype Office

Spaces For Lease

at 1320 City Center Drive Contact us

Suite 350

Size
12,837 SF
Type
Office
Availability
Available
12,837 SF Available
Contact us
Listed By: Jeff Merritt
Source: Cbre
Added: Jul 24 Changed: Sep 5 Last Checked: Sep 5 at 6:04AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jeff Merritt

Investment Insights

Based on property information with market context.

City Center at Penn Office Park is an office building offered for rent. The property includes a total of two elevators: one dedicated to passenger service and the other serving both passenger and freight needs.

The building is positioned at the gateway of the Carmel business and medical corridor, within City Center at Penn Office Plaza. The surrounding area is described as having amenities, hotels, hospitals, and other quality businesses.

For tenants and users that require freight-capable elevator access alongside standard passenger service, the building’s elevator configuration is a central feature of the property.

Key Highlights

  • Office building at Penn Office Park with 2 elevators
  • One elevator is strictly a passenger elevator
  • One elevator serves both passenger and freight traffic

Property Analytics

Current Use

Baker Hill (Bike/Boat/Book/etc) Store National Precast Concrete ... Charitable Organization Fresenius Corporate Office Alpha Wire Co Electrical Equipment Manufacturer Special Insurance Brokers ... Insurance Agency

Suggested Use

Top Pick Auto Parts Store HVAC Service Auto Repair Shop Garden Center Parking Lot & Garage Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,234
Businesses Nearby

Demographics for 46032, IN

50,477
Population
22,118
Households
2.3
Avg Household Size
40
Median Age
75%
College-Educated
98%
High-School Grad
25.3 sq mi
ZIP Area
1,995
Density / Sq Mi
$123,438
Median Household Income
$70,558
Median Earnings
$1,522
Median Rent
$464,200
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Office building at Penn Office Park includes two elevators, including one passenger and freight unit.
Where is this office building located?
The property is located at 1320 City Center Drive Carmel, IN.
What are key features of this property?
This property features: Office building at Penn Office Park with 2 elevators; One elevator is strictly a passenger elevator; One elevator serves both passenger and freight traffic
More about this property
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