14828 Greyhound Ct Carmel, IN 46032
- Medical offices
- 13,825 SF
- 2.00 lot acres
Current Use by Public Records
- Melissa M Derosa, MD / Neurologist
- Paul Jarvis / Pediatrician
- Wine Cellars Limited / Store
- Weight Loss Telemedicine - Dr. Moe / Weight Loss Service
- Mohammed Tarrabain, MD / Family Practice Physician
Property Details for 14828 Greyhound Ct
- Year built
- 1995
- Lot size
- 2.00 lot acres
- Property size
- 13,825 SF
- Property type
- Medical offices
- APN
- 09-09-13-00-00-012.034
Description
This exceptional 13,825 square foot medical office building in Carmel, Indiana, presents a compelling investment opportunity. Located at 14828 Greyhound Ct, 46032, this property boasts a strong 5.00% cap rate and a new 10-year lease (commencing September 21, 2024 and expiring September 29, 2034) with Indiana University Health, a tenant with an "AA" credit rating from Fitch. The building, constructed in 1995, features high-quality brick/stone construction and ample parking (75 spaces) on a 2-acre lot. The lease is a NNN (Triple Net) lease, meaning the tenant is responsible for all building expenses, including management fees. Indiana University Health recently completed a $3 million+ build-out. The property benefits from a prime location in a desirable suburban setting, surrounded by major retailers such as Walmart, Target, Menards, Lowe's, Whole Foods, and LA Fitness, and enjoys an average household income exceeding $139,000 within a 5-mile radius, encompassing a population of over 158,000 residents. The asking price is $5,000,000, translating to $361.66 per square foot. The property's APN is 09-09-13-00-00-012.034. This is a rare opportunity to acquire a high-quality, single-tenant medical office building with a secure, long-term lease and significant upside potential.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Carmel
- County
- Hamilton
- State
- Indiana
- Longitude
- -86.1289358
- Latitude
- 40.0040558
