Class B Office Investment
For Sale
Contact for pricing
5342 W Vermont St, Indianapolis, IN 46224
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 Market149
Property Features for 5342 W Vermont St
General Information
Standard status
Active
Size
19,700 SF
Class
Class B
Total Parking Spaces
60
Lot size
1.96 Acres
Property subtype
Office, Mixed Use
Additional Details
Cap Rate
8.55%
Highway Access
Yes
Amenities
conference rooms
training areas
kitchens
flexible office/coworking spaces
Building Details
Year Built
1990
Listing Agency:
Corporate Commercial Group
Listed By:
Keith Dedrick · License #IN RB14029789
(317) 502-3622
Source:
Crexi
Added: Apr 10
Changed: Sep 4
Last Checked: Aug 31 at 12:53AM
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
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
335
Businesses Nearby
Explore this area
Business Placement
Demographics for 46224, IN
38,822
Population
16,912
Households
2.3
Avg Household Size
32
Median Age
24%
College-Educated
83%
High-School Grad
7.2 sq mi
ZIP Area
5,392
Density / Sq Mi
$53,731
Median Household Income
$35,726
Median Earnings
$1,048
Median Rent
$166,500
Median Home Value
Market
Vacancy Rate% for Office in Indianapolis, IN
Questions? Ask Rey
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Frequently Asked Questions
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
