4160 Keystone Ave Indianapolis, IN 46205

Property Details for 4160 Keystone Ave

Year built

2007

Lot size

12.14 lot acres

Property size

60,000 SF

Property type

Office Properties & Spaces

Description

This fee-simple office building presents a compelling investment opportunity. Located at 4160 N. Keystone Ave, Indianapolis, IN 46205, this 60,000 square foot, two-story building is 100% occupied by the State of Indiana's Department of Child Services (DCS), a mission-critical agency with a AAA S&P credit rating. The building, constructed in 2007 and renovated in 2024, sits on a 12.14-acre lot and features a long-term lease (April 1, 2024 – March 31, 2034, with a four-year renewal option). The lease includes a pro-rata reimbursement clause for tenant improvements (TI) totaling $1.354 million, further securing the investment. The DCS lease also incorporates a base year operating expense adjustment. The property benefits from a real estate tax exemption. Building features include interview rooms with two-way glass, card key access security, four new training rooms with movable walls, updated restrooms, a second-floor coffee bar, new LED lighting, refreshed carpeting, and a resurfaced parking lot. Its location in a densely populated area of Indianapolis, served by the IndyGo public bus system, and its proximity to the State of Indiana Child Advocacy Center, create a strong, stable investment. The building's masonry and steel construction ensures durability. Indianapolis's robust economy, anchored by Fortune 500 companies and major league sports teams, further enhances the property's value.