Class B Office Investment
5342 W Vermont St Indianapolis, IN 46224
5342 W Vermont St, Indianapolis, IN, 46224
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For Sale
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19,700 SF Class B office on 1.958 acres with about 60 parking spaces and in-place NNN leasing through 2027.
Property Size19,700 SF
Lot Size1.96 Acres
Price / SF$131.98
Days on Market104
Property Features for 5342 W Vermont St
General Information
- Standard status
- Active
- Size
- 19,700 SF
- Lot size
- 1.96 Acres
- Property subtype
- Office, Mixed Use
Listing agency
Corporate Commercial Group
(317) 502-3622
Listed by
Keith Dedrick · License #IN RB14029789
Source
Crexi
Added: Apr 10 Updated: Jul 21 at 8:22PM Checked: Jul 21 at 8:22PM
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 Corporate Commercial Group
Investment Insights
Based on property information with market context.
This Class B office property totals 19,700 SF and includes a main floor of 16,650 SF plus a 3,050 SF basement. Built in 1990 with subsequent additions and renovations, the building is laid out with multiple conference rooms, training areas, two kitchens, and flexible office/coworking-style space.
The property sits on 1.958 acres with approximately 60 parking spaces. It offers convenient access to I-465 and is located minutes from Indianapolis International Airport. Recent improvements include a new roof and gutters in 2017.
The offering is structured as a triple net (NNN) investment with a lease in place through December 31, 2027. The seller is also offering a $100,000 HVAC allowance.
The property sits on 1.958 acres with approximately 60 parking spaces. It offers convenient access to I-465 and is located minutes from Indianapolis International Airport. Recent improvements include a new roof and gutters in 2017.
The offering is structured as a triple net (NNN) investment with a lease in place through December 31, 2027. The seller is also offering a $100,000 HVAC allowance.
Key Highlights
- 19,700 SF Class B office building on 1.958 acres with approx. 60 parking spaces
- NNN lease in place through Dec 31, 2027; rent growth of 2% annually
- Investment metrics: $2,600,000 price, $222,222 NOI, 8.55% cap rate
Property Analytics
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FAQs
What type of property is this?
Office building - 19,700 SF Class B office on 1.958 acres with about 60 parking spaces and in-place NNN leasing through 2027.
Where is this office building located?
The property is located at 5342 W Vermont St Indianapolis, IN.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 19,700 SF Class B office building on 1.958 acres with approx. 60 parking spaces; NNN lease in place through Dec 31, 2027; rent growth of 2% annually; Investment metrics: $2,600,000 price, $222,222 NOI, 8.55% cap rate
