12955 Old Meridian Street, Carmel, IN 46032

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Jon J.

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  • Available Spaces
Suite Space Type Pricing Size
1st Floor Retail Space For lease: $2.08/sqft 6,000 sqft

Prime retail space, in good condition.

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Building Details:

12955 Old Meridian Street is aretail property for lease in Carmel, IN. The property currently has 1 retail space for lease and is marketed by Colliers International Indianapolis.

Offer price of $4.48 million is a 7.46% cap rate/yield on 2014 income. Property is 100% leased with stable tenants. Well located in Carmel, one of the fastest growing cities in the nation and one of the most affluent submarkets in the Indianapolis MSA. Anchor tenant, Performers Edge, has been located at the property since 1996. 2nd largest tenant, Bureau of Motor Vehicles, offers State of Indiana credit strength. Long-term significant rent upside. Current rents below competition. Asset priced below replacement cost. Positioned to benefit from the new Major Moves interchange at US 31/131st Street.

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