Investment Highlights * 83,210 SF Office Building; Desirable Carmel Indiana Submarket * 56.7% Occupancy; Strong Growth Potential * Strong Tenancy of Medical and Office Tenants * Located within a Professional Park in one of Indianapolis’ most Desirable Office Submarkets, Carmel * Three Story Building with a Brick Facade * Located on the Southern Border of Carmel, Indiana, just Northeast of Exit 27 on Interstate 465 * Convenient Ingress & Egress with Ample Parking; 133 Parking Spots * Projected Year 1 NOI: $317,487 Investment Overview 100 percent fee interest of Auburn Woods Park in Carmel, Indiana (*the Property*). This Property is a three (3) building office park, consisting of approximately 83,210 Square Feet, located in one of the most desirable submarkets in Indiana. These assets offer potential investors a unique value-add opportunity through the ability to acquire an exceptional, newer, construction suburban office park with a healthy tenant mix. The total occupancy of the park is 56.37%, with one building being completely vacant. This occupancy rate presents ample upside to add value through leasing up to the market occupancy rates. Current office vacancy in Carmel is hovering around 14.3%. This provides for a strong growth potential that could add, in excess of, $150,000 to the NOI through active future leasing. The property consists of three (3) buildings with a similar construction, a three-story building with a brick facade. There is a lower level that contains three suites that are approximately 1,800 SF each and includes space for tenant storage. The floor plates are approximately 8,000 SF based on differing common area sizes. The tenancy is a mix of medical and office tenants.
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