Thursday, May 18, 2006

TIC Investment Opportunity: Allison Pointe - Indianapolis, Indiana

Allison Pointe

Property Information:

  • Property Name: Allison Pointe
  • Rentable SqFt: ± 215,753.00
  • Purchase Price: $33,852,000.00
  • Price per SqFt: $156.90/sqft
  • Equity: $17,252,000.00
  • Loan Amount: $16,600,000.00
  • Loan-to-Value: 49.04
  • %Percent Occupied: 82.45%
  • Type: Three, multi-story commercial office buildings
  • Minimum Purchase: $525,000.00

Property Description:
Allison Pointe is a three building, multi-story commercial office complex located in the Indianapolis, Indiana MSA. The Property’s superior location provides unparalleled access to all the major thoroughfares on the city’s northeast side. Anchored on the west by Keystone at the Crossing, and on the east by the Castleton Square Mall, virtually every conceivable amenity is found in the immediate area.

Top Tenants by Total Rent:
Allison Pointe is currently 82.45% occupied with 18 tenants. The noteworthy leaseholders include Centex Homes, Mid-States Federal Credit Union, Liberty Fund, Inc., and ICUL Service Corporation. Combined, these four (4) national credit tenants occupy approximately 54.87% of the net rentable square footage.

Please contact me for a full marketing brochure and further information regarding this investment.

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