For Auction
Asset Snapshot
Investment Highlights
Offering Summary
Brokered by Cushman and Wakefield and powered by RealINSIGHT Marketplace is 1099 N Meridian Street, a 12-story, 286,467 SF Class A office building located in the Downtown submarket of Indianapolis, Indiana. The property occupies a prominent position on the northern edge of the CBD with direct frontage and expansive visibility along Interstate 65, immediate access to both I-65 and I-70, and a highly coveted free parking ratio of 3.6 spaces per 1,000 SF across 1,027 controlled surface spaces — an extremely rare attribute in a downtown market. Currently 39% leased to a creditworthy tenant roster including U.S. Citizenship & Immigration Services, Disciples of Christ Christian Church, Jacobs Engineering, and Volunteers of America, the property offers in-place cash flow alongside a compelling lease-up opportunity driven by five full floors of recently vacated space formerly occupied by IU Health. With ±25,000 SF floorplates, renovated amenities including a conference center, fitness center, and outdoor social areas, and a cost basis well below the approximately $450/SF replacement cost for new Class A office, the property is positioned for an owner-user, operator with a user-in-tow, or value-add investor seeking outsized returns in one of the Midwest's strongest office markets.
Due Diligence
Location
1099 N Meridian Street sits on the northern edge of Downtown Indianapolis with direct frontage along Interstate 65 at the I-65/I-70 north split. The property is within walking distance of the Indiana Convention Center, Lucas Oil Stadium, and Gainbridge Fieldhouse, surrounded by the state's top corporate employers including Eli Lilly, Cummins, and Salesforce.
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Platform Fee
Buyer pays a minimum platform fee of 5% or $25,000 at closing.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
