2007 Capitol AveIndianapolis, IN 46202

For Sale
$5,715,000
Prime Indy Medical Office, 7% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional 10,000 square foot Class B medical office building, located at 2007 N Capitol Ave, Indianapolis, IN 46202, presents a compelling investment opportunity. Built in 1981, the property boasts a 7.00% cap rate and a pro-forma NOI of $400,050. Currently fully occupied by Capitol Street Surgery Center LLC under a 15-year leaseback agreement, this ambulatory surgery center offers a recession-resistant investment with long-term stability. The property features state-of-the-art surgical facilities, including fully equipped operating rooms, pre- and post-operative areas, a radiographic imaging room, and medical office suites. Its strategic location on the northeast corner of N Capitol Avenue and W 20th Street provides unparalleled access to major thoroughfares, placing it directly across from Indiana University Health's campus. The building offers a convenient 4.71 parking spaces per 1,000 square feet. This is the only independent surgery center in Indianapolis, ensuring a unique and highly desirable position within the market. The asking price is $5,715,000. This property offers a rare combination of strong location, high-quality facilities, and a secure, long-term lease, making it an ideal investment for discerning buyers.

Highlights

  • 10,000 SF Class B medical office building, fully occupied by Capitol Street Surgery Center LLC under a 15-year leaseback.
  • Prime location at 2007 N Capitol Ave, Indianapolis, IN, directly across from Indiana University Health's campus.
  • 4.7 parking spaces per 1,000 square feet.
  • The only independent surgery center in Indianapolis.

Property Details for 2007 Capitol Ave

Property type
Office properties, Medical offices
Square Feet
10,000 SF
Class
B
Year Built
1981

Location Insight

City
Indianapolis
County
Marion
State
Indiana
Latitude
39.7935614
Longitude
-86.16102
2007 Capitol Ave, Indianapolis, Indiana

FAQs

What type of property is this?
Office property - Prime Indy Medical Office, 7% Cap Rate
Where is the office property located?
The property is located at 2007 Capitol Ave Indianapolis, IN.
What is the asking price?
The asking price for this property is $5,715,000.
What are key features of this property?
This property features: 10,000 SF Class B medical office building, fully occupied by Capitol Street Surgery Center LLC under a 15-year leaseback.; Prime location at 2007 N Capitol Ave, Indianapolis, IN, directly across from Indiana University Health's campus.; 4.7 parking spaces per 1,000 square feet.
How can I contact the broker?
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2007 Capitol Ave
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