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Office/R&D Building For Lease
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8777 Purdue Rd, Indianapolis, IN 46268

Two-story office/R&D building with elevator access and outdoor patio.

Space Size3,292 SF
Property Size83,000 SF
Lot Size25.00 Acres
Days on Market1605

Property Features for 8777 Purdue Rd

General Information

Standard status Active
Size 3,292 SF
Class B
Lot size 25.00 Acres
Property subtype Office, Industrial
Lease Type Full Service

Building Details

Building Size 83,000 SF
Tenancy Multiple

Spaces For Lease

at 8777 Purdue Rd Contact us

Suite 325

Size
3,292 SF
Type
Industrial, Office
Lease Type
Full Service
Availability
Active
Contact us
Listing Agency: ALO Property Group
Listed By: Michael Short · License #IN RB16000518
Source: Crexi
Added: Mar 26, 2022 Changed: Aug 8 Last Checked: Aug 13 at 2:36PM

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 ALO Property Group

Investment Insights

Based on property information with market context.

This two-story office/R&D building offers approximately 83,000 square feet of space available for lease. The building features elevator access with new cabs. Surface parking is available at a ratio of 4.0 spaces per 1,000 square feet. An outdoor patio is included, situated alongside a 25-acre lake.

Key Highlights

  • Large +/-83,000 Square Feet Two Story Building
  • Office/R&D Use Designation
  • Elevator Access with New Cabs

Property Analytics

Current Use

Lakewood Family Dental Dental Office Integrity Trade Services Employment Agency Indiana MENTOR Association / Organization Driesbach Financial Group, ... Financial Advisor Kevin R McFadden ... Insurance Agency

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Building Supply Parking Lot & Garage Electrical Service 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
$2.78 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,344
Businesses Nearby

Demographics for 46268, IN

26,353
Population
11,904
Households
2.2
Avg Household Size
38
Median Age
40%
College-Educated
91%
High-School Grad
12.7 sq mi
ZIP Area
2,075
Density / Sq Mi
$63,322
Median Household Income
$41,596
Median Earnings
$1,171
Median Rent
$208,500
Median Home Value

Market

Lease Benchmarks for Indianapolis, IN

$19.9 /SF/Yr
Avg Asking Price
$16.5–$28 /SF/Yr
Price Range
12,434 SF
Avg Space Size

This space is priced 7% below the average of $19.9 /SF/Yr.

Vacancy Rate% for Office in Indianapolis, IN

17.4% 2019
17.8% 2020
19.1% 2021
19.3% 2022
22.2% 2023
22.8% 2024
21.4% 2025
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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Two-story office/R&D building with elevator access and outdoor patio.
Where is this office building located?
The property is located at 8777 Purdue Rd Indianapolis, IN.
What is the lease rate?
The lease rate is $18.50 SF/Yr.
What are key features of this property?
This property features: Large +/-83,000 Square Feet Two Story Building; Office/R&D Use Designation; Elevator Access with New Cabs
(317) 853-7502 Call to check price and availability
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