Felbram Plaza North

Investment Highlights

  • Value Add Opportunity
  • Below Market Rents
  • 28% Economic Vacancy
  • Potential for Multiple Outlot Pads
  • Anchored by Shopper’s World, Sav-a-Lot, and Dollar Tree
  • Priced below Replacement Cost
  • Includes 2 Single Tenant Buildings (Advanced Auto & Firestone)
  • Adjacent to University of Indianapolis
  • Near I-465 Highway Exit
  • Strong Traffic Counts: 38,000 Cars/Day
  • Located on Main US-31 Corridor
  • Multiple Hard Corner Locations
  • 200,000 People within 5 Miles

Offering Summary

  • Price: $8,600,000
  • Cap Rate: 8%
  • GLA: 209,699 Sq. Ft.
  • Price Per Square Foot: $50.55
  • Occupancy: 88%
  • Site Area: 19.45 Acres

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