Owner/User-Trophy Asset on Monument Circle | 40 Monument Cir
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Owner/User-Trophy Asset on Monument Circle 40 Monument Cir
139,906 SF 100% Leased 4-Star Office Building Indianapolis, IN 46204 $35,000,000 ($250/SF)
Investment Highlights
- 40 Monument Circle includes up to 100,000 SF of Class A+ vacant office space on Monument Circle, with attached parking and unrivaled signage.
- Existing tenants, Star Bank, Emmis, and Urban One, provide cash flow, pending occupancy or redevelopment of the lobby and upper office floors.
- Rare owner/user opportunity to acquire a mixed-use, multi-tenant asset at less than half of the replacement cost for new construction.
- Prestigious location with access to the highest pedestrian traffic counts in the city and media exposure along the Indianapolis skyline.
Executive Summary
40 Monument Circle is a premier, seven-story, mixed-use office and retail asset ideally situated on Monument Circle, the epicenter of Indianapolis, Indiana's state capital. The 139,906-square-foot property offers buyers an exceptional opportunity to create a modern and unique Class A+ office and retail environment tenants desire in the post-COVID era.
Tenants will enjoy unparalleled views, signage rights, and visibility in a highly walkable, vibrant, and active downtown. In addition to STAR Bank, four floors of office space are available, with an ideal floor plate of ±24,000 square feet. The spaces can be occupied by a combination of tenants up to ±100,000 square feet, and the expansive three-story lobby is ideal for conversion to tourism retail or high-end restaurant tenants.
40 Monument Circle sits in a fast-paced and research-forward community, notably one of the best business climates in the nation. The Indianapolis metro's infrastructure, location, and airport shipping services make ideal logistics ecosystems, along with the highly connected interstate system nearby. Widely referred to as the "Crossroads of America," Indianapolis represents the point of convergence for five interstates and several major markets, including Chicago, Louisville, Detroit, and Columbus, providing access to almost half of the United States population within one day's drive. 40 Monument Circle is primed to be a company's next headquarters location.
Tenants will enjoy unparalleled views, signage rights, and visibility in a highly walkable, vibrant, and active downtown. In addition to STAR Bank, four floors of office space are available, with an ideal floor plate of ±24,000 square feet. The spaces can be occupied by a combination of tenants up to ±100,000 square feet, and the expansive three-story lobby is ideal for conversion to tourism retail or high-end restaurant tenants.
40 Monument Circle sits in a fast-paced and research-forward community, notably one of the best business climates in the nation. The Indianapolis metro's infrastructure, location, and airport shipping services make ideal logistics ecosystems, along with the highly connected interstate system nearby. Widely referred to as the "Crossroads of America," Indianapolis represents the point of convergence for five interstates and several major markets, including Chicago, Louisville, Detroit, and Columbus, providing access to almost half of the United States population within one day's drive. 40 Monument Circle is primed to be a company's next headquarters location.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Building Size
139,906 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
1998
Price
$35,000,000
Price Per SF
$250
Percent Leased
100%
Tenancy
Multiple
Building Height
7 Stories
Typical Floor Size
19,987 SF
Building FAR
4.28
Lot Size
0.75 AC
Opportunity Zone
Yes
Zoning
CBD1 - Retail, Office, Commercial, Multi-Family, Hotel
Parking
1.8 Spaces per 1,000 SF Leased
Amenities
- 24 Hour Access
- Atrium
- Banking
- Controlled Access
- Concierge
- Conferencing Facility
- Fitness Center
- Security System
- Signage
- Skylights
- Reception
- Roof Terrace
- Outdoor Seating
- Air Conditioning
- Balcony
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Management of Companies and Enterprises
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Quite simply, the Eleven Commandments of Emmis are the guiding principles of their company: it is how they operate daily, how they treat each other and their customers, and what they expect of employees and potential employees. The Eleven Commandments of Emmis, created by their Founder and Chairman Jeff Smulyan in the early years of the company, provide the guideposts of company philosophy, and are still as relevant today as when they were written.
- Star Bank
- Finance and Insurance
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Management of Companies and Enterprises | 99,999 SF | - | Lorem Ipsum | Jan 0000 | |
| Star Bank | Finance and Insurance | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Walk Score ®
Walker's Paradise (98)
Bike Score ®
Biker's Paradise (99)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $17,013,000 | |
| Land Assessment | $6,090,500 | Total Assessment | $23,103,500 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$6,090,500
Improvements Assessment
$17,013,000
Total Assessment
$23,103,500
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Owner/User-Trophy Asset on Monument Circle | 40 Monument Cir
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