4550 Victory Ln Indianapolis, IN 46203

This exceptional investment opportunity presents a single-story, 40,204 square foot office building in Indianapolis, Indiana. The property is 100% occupied by the State of Indiana's Family & Social Services Administration, Division of Family Resources, under a modified lease with 4.9 years remaining (expiring September 30, 2029). The lease commenced August 1, 2023, and features a substantial remaining term. The State of Indiana holds a AAA credit rating from all three major rating agencies, ensuring a secure and stable investment. Built in 1991 and renovated in 2024, the property boasts 230 parking spaces and is situated on a 5.64-acre lot. Recent renovations include new paint, carpeting, LED lighting, ceiling tiles, and parking lot improvements, all funded by the tenant. The property's strategic location on Victory Lane offers easy access to I-465 and I-65. The asking price is $5,750,000, translating to $143.02 per square foot. The property is zoned CS and offers a compelling cash-on-cash return, further enhanced by the tenant's ongoing leasehold improvements. The tenant's long-term presence (over 10 years) and significant investment in the building strongly suggest a high likelihood of lease renewal. This is a rare opportunity to acquire a high-quality, institutional-grade investment with a secure, long-term tenant.