Carmel Tech Center Portfolio
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Carmel Tech Center Portfolio
3 Flex Properties Offered at $30,100,000 in Carmel, IN
Investment Highlights
- Infill Location: 3 Building Industrial Flex Portfolio | 60% Warehouse | 40% Office | Central Carmel, IN | 209,056 SF on 16.18 AC
- 88% Current Occupancy
- Affluent Carmel, IN: AHHI $166,499 (3 Miles) | Total Population 102,296
- Diverse Tenant Mix: Tech, Medical, Service, Arts & Entertainment | 34% GLA Publicly Traded Companies
- Meridian St Corridor: 2nd Largest Office Hub in Indiana | Home to 100+ Corporate HQs
Executive Summary
Marcus & Millichap is pleased to exclusively present for sale Carmel Tech Center, a rare investment opportunity in the heart of Carmel, Indiana. This trophy asset comprises a three-building, 209,056 SF industrial flex portfolio situated on 16.18 acres in Hamilton County, the fastest-growing county in Indiana, with an 86% population growth from 2001 to 2022. Located in the Indianapolis MSA (Population: 2,138,468, Ranked 34th in the U.S.), Carmel is recognized as the second most affluent city in the metro area with a total population of 102,296 and AHHI of $166,499 (within 3 miles).
Built in 1988 and renovated in 2004, 2016, and 2022, the properties have been well maintained and have a strong history of high occupancy. Located in a high-demand area, Carmel Tech Center offers excellent connectivity with convenient access to I-465 (145,537 VPD) and US-31 (83,379 VPD). Offered below replacement cost, this asset provides exceptional value for investors seeking stable cash flow and future growth. Attractive debt is available, allowing for immediate positive cash flow in the first year. This opportunity is ideally suited for a wide range of investors, including family offices, private equity funds, high-net-worth individuals, and 1031 exchange prospects
Built in 1988 and renovated in 2004, 2016, and 2022, the properties have been well maintained and have a strong history of high occupancy. Located in a high-demand area, Carmel Tech Center offers excellent connectivity with convenient access to I-465 (145,537 VPD) and US-31 (83,379 VPD). Offered below replacement cost, this asset provides exceptional value for investors seeking stable cash flow and future growth. Attractive debt is available, allowing for immediate positive cash flow in the first year. This opportunity is ideally suited for a wide range of investors, including family offices, private equity funds, high-net-worth individuals, and 1031 exchange prospects
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $30,100,000 | Status | Active |
| Price / SF | $144.87 / SF | Number of Properties | 3 |
| Sale Conditions | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 7.38% | Total Building Size | 207,766 SF |
| Sale Type | Investment | Total Land Area | 16.10 AC |
| Price | $30,100,000 |
| Price / SF | $144.87 / SF |
| Sale Conditions | Bulk/Portfolio Sale |
| Cap Rate | 7.38% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 207,766 SF |
| Total Land Area | 16.10 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Tech Center 2
12302-12388 Hancock St, Carmel, IN 46032 |
Flex | 73,466 SF | 1987 | - |
|
Tech Center 1
833-887 W Carmel Dr, Carmel, IN 46032 |
Flex | 58,174 SF | 1994 | - |
|
Tech Center 3
12202-12292 Hancock St, Carmel, IN 46032 |
Flex | 76,126 SF | 1987 | - |
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Carmel Tech Center Portfolio
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