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385 Meridian Parke LnGreenwood, IN 46142
385 Meridian Parke Lane
Asset ClassOffice
NNN-LEASED, TWO-TENANT MEDICAL OFFICE IN GREENWOOD, IN
overview of deal

Overview

385 Meridian Parke Lane is a two-tenant, NNN-leased medical office building located in the City of Greenwood, one of Indianapolis’ fastest growing bedroom communities with high average household incomes, dense single-family development and one of the top school systems in the region.

 

Built in 2003, this well-maintained Class A medical office is ideally positioned at the center of a high-growth suburban healthcare submarket. Its Class A design features, including limestone accents and upgraded tenant interior finishes, contribute to an elegant and timeless architectural appeal. At 100% occupancy with a 7.67-year WALT, the property offers investors an easy-to-manage Class A asset with well-established tenants in a strategic suburban healthcare node of Indianapolis.

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Investment Summary

Property Details
In-Place NOI
$199,249
Price
$2,825,000
In-Place Cap Rate
7.1%
Equity Requirement
$847,500
Cash on Cash - 10 Years
12.4%
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385 Meridian Parke LnGreenwood, IN 46142

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