619 N Pennsylvania St Indianapolis, IN 46204
8,130 SF office building available for sale or lease.
Property Features for 619 N Pennsylvania St
General Information
- Standard status
- Active
- Size
- 8,130 SF
- Property subtype
- Retail, Office
Listing office Colliers - Indianapolis, Indiana (317) 713-2144
Listing date Dec 3, 2022
Source Crexi
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 Colliers - Indianapolis, Indiana
Investment Insights
Based on property information with market context.
Key Highlights
- ± 8,130 SF Office Building
- For Sale or Lease
- Office Building
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $175.6k | $21.60 |
| − Vacancy | −$32.5k | −$4.00 |
| EGI | $143.1k | $17.60 |
| − OpEx | −$35.8k | −$4.40 |
| NOI | $107.3k | $13.20 |
