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231 South College Avenue
Indianapolis, IN 46202
Asking Price
$3.90M
Asset Type
Traditional Office Office
Class
Class B
What's Special
Prime Owner-User Opportunity with in- Palce Income <p>231 S. College Avenue, togther with the adjacent parking lot at 135 S. College, presents a compelling owner-user investment opportunity in downtown Indianapolis. The 16,295 SFbuilding was completed remodeld in 2019 and offers approxiamelty 8,870 SF availabe for occupancy, while generating in-place income from established tenants, Mori Sushi and Barre3. The property benefits from ample on-site parking, a rare amenity in the urban core, and is ideally located within walking distance to the rest
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NOI
$80,000
Cap Rate
2.05%
DSCR
0.35
Underwater
Cash-on-Cash
-12.95%
Monthly Payment
$19,295.072
Annual Cash Flow
$-151,540.865
