8805 Meridian St, Indianapolis, IN 46260-2332
- Medical Office Space
- 19,328 SF
- 0.34 lot acres
Current Use by Public Records
- Scott Kim / Physician
- John J Fitzgerald, MD / Physician
- Mrs. Barbara Kovacs / Physician
- Natalie Prater / Physician
- Alina Clavijo-Passik, PHD / Physician
Property Details for 8805 Meridian St
- Year built
- 2002
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.34 lot acres
- Zone code
- ZO01
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 49-03-14-129-010.000-800
- APU
- 490314129010000800
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 12, 2025 | — | In Meridian LLC | — | Deed · related | $7.7M · L & N FCU |
| Dec 11, 2025 | — | In Meridian LLC | Sg N Meridian Mob LLC | Special Warranty Deed | $7.7M · L & N FCU |
| Jan 26, 2022 | — | Sg North Meridian Mob LLC | Cantor Real Estate Income & Opportu | Special Warranty Deed | — |
| Jan 27, 2020 | — | Cantor R & E Income & Opportunit | — | Deed · related | $4.5M · Cit Bk NA |
| Jun 12, 2018 | — | Cantor R & E Income & Opportunit | — | Deed · related | $953k · Valley Nat'l Bk |
| Jan 27, 2015 | — | Cantor R & E Income & Opportunit | Sun Life Assurance Co Of Canada | Grant Deed | $2.5M · Usameribank |
| Dec 3, 2007 | — | Sun Life Assurance Co Of Canada | North Meridian Medical | Grant Deed · related | — |
| — | — | Cantor R & E Income & Opportunit | — | Deed Of Trust · related | $4.5M · Cit Bk NA |
| — | — | Cantor R & E Income & Opportunit | — | Loan Modification · related | $953k · Valley Nat'l Bk |
Description
This exceptional investment opportunity presents a three-building Class B medical office park totaling 72,383 square feet, situated on 4.01 acres in Indianapolis, Indiana. The property boasts a 93% occupancy rate and a strong net operating income (NOI) of $835,263, yielding a 7.70% cap rate. Priced at $10,847,571 ($149.86/sq ft), this multi-tenant property features a modified lease type and is strategically located on a core medical corridor between numerous hospitals and surgery centers, including Indiana University Health (3 campuses), Franciscan Health, Ascension (2 campuses), St. Vincent Hospital, and Peyton Manning Children's Hospital. The property benefits from a diverse mix of credit tenants, significant leasing activity (31,168 sq ft leased in the past 12 months), and below-market rental rates, offering substantial upside potential. Its central location in North Indianapolis/Carmel, less than half a mile from Interstate 465, provides exceptional accessibility and visibility. This stabilized asset offers a steady cash flow with significant long-term growth prospects due to its prime location and strong tenant demand within a highly desirable patient population. The property's synergistic tenant mix further enhances its value and stability.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Marion
- State
- Indiana
- Longitude
- -86.1565
- Latitude
- 39.9167
- CBSA code
- 26900
- CBSA name
- INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
