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Net-Leased Medical Office Space
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13648 Olivia Way, Fishers, IN 46037

Two medical tenants occupy a purpose-built facility with annual rent increases and renewal options.

Property SizeContact for details
Days on Market144

Property Features for 13648 Olivia Way

General Information

Standard status Active
Property subtype Office

Site & Location

Highway Access Yes
Road Access Yes

Building Details

Year Built 2012
Buildings 1
Tenancy Multi
Owner Occupied No
Listing Agency: Horvath & Tremblay
Listed By: Adam Mancinone · License #CT 0767583
Source: Crexi
Added: Apr 10 Changed: Aug 31 Last Checked: Aug 31 at 1:51AM

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 Horvath & Tremblay

Investment Insights

Based on property information with market context.

This medical office property was completed in August 2012 for Fresenius Medical Care and Indiana Nephrology & Internal Medicine. The two-tenant building is operated under net leases, with more than 9 years remaining for Fresenius and more than 6 years remaining for INIM. Each lease provides annual rent increases and two 5-year renewal options.

The property is located at 13648 Olivia Way in Fishers, Indiana, across from St. Vincent Fishers Hospital and approximately half a mile from Indiana University Health Saxony Hospital. It is positioned at the intersection of I-69 and the Southeastern Parkway. Saxony Hospital includes a 250,000-square-foot hospital and a 120,000-square-foot medical office building, while the acute-care hospital has 42 beds.

Key Highlights

  • Two‑tenant medical office building completed in August 2012
  • Fresenius lease has 9+ years remaining; INIM lease has 6+ years remaining
  • Both leases include annual rent increases and two, 5‑year renewal options

Property Analytics

Current Use

Fresenius Kidney Care ... Medical Clinic Parishurama Reddy, MD Physician Nancy Baird, MD Physician Raman Rao Physician Indiana Kidney Specialists; ... Medical Clinic

Suggested Use

Top Pick HVAC Service Electrical Service Auto Parts Store Garden Center Law Firm Auto Repair Shop

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

Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

751
Businesses Nearby
Well-served
Demand for This Use

Demographics for 46037, IN

47,264
Population
17,334
Households
2.7
Avg Household Size
37
Median Age
69%
College-Educated
98%
High-School Grad
20.1 sq mi
ZIP Area
2,351
Density / Sq Mi
$137,969
Median Household Income
$72,127
Median Earnings
$1,463
Median Rent
$403,000
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?
Medical Office Space - Two medical tenants occupy a purpose-built facility with annual rent increases and renewal options.
Where is this medical office space located?
The property is located at 13648 Olivia Way Fishers, IN.
What are key features of this property?
This property features: Two‑tenant medical office building completed in August 2012; Fresenius lease has 9+ years remaining; INIM lease has 6+ years remaining; Both leases include annual rent increases and two, 5‑year renewal options
More about this property
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