Intech Eleven — Sale in Indianapolis, IN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Indianapolis, IN 46278
  • Submarket: Northwest
  • Year built: 1999

Photos

Intech Eleven — Sale in Indianapolis, IN, photo 1 of 2
Intech Eleven — Sale in Indianapolis, IN, photo 2 of 2

Investment Figures

Cap rate
7.56%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Intech Eleven presents the opportunity to acquire a 100 percent occupied, institutional-quality office and flex asset totaling 89,506 square feet in Indianapolis' highly desirable Northwest office corridor. Strategically positioned with immediate access to I-465, I-65, and I-865, the property provides exceptional regional connectivity while remaining just 15 minutes from Downtown Indianapolis and approximately 20 minutes from Indianapolis International Airport. This premier location has attracted a diverse tenant roster spanning healthcare, professional services, corporate, and industrial support users, generating stable and diversified cash flow. The lease profile offers a 5.37-year weighted average remaining lease term (WALT), creating predictable income and long-term stability. Ownership has invested more than $1.9 million into the property since 2022, demonstrating a long-term commitment to the asset through significant tenant improvements, building system upgrades, parking lot repairs, and a new roof installed in 2025. These investments have helped maintain full occupancy while reducing anticipated near-term capital needs for a future owner. Beyond its strong physical condition, Intech 11 distinguishes itself through its flexible design. Approximately 32 percent of the building consists of integrated warehouse & lab space, complemented by multiple dock-high and drive-in loading doors that accommodate a broad range of office, fulfillment, light industrial, and logistics users. The property's lease structure further enhances the investment, with the majority of tenants operating under NNN or base-year expense stop leases that provide substantial operating expense recoveries. Many leases also permit qualifying capital expenditures to be amortized and reimbursed by tenants, creating an exceptionally landlord-friendly investment with durable cash flow and reduced long-term ownership exposure. Eskenazi Health recently invested approximately $10 million within their 3

Market Context

This office in Indianapolis, IN is listed for sale. It is offered at an approximate 7.6% capitalization rate, a key benchmark for income-producing office assets. The building dates to 1999. Compare it against other office listings for sale in Indianapolis, IN — view the full market.

As of Q2 2026, the Indianapolis office market showed a 20.0% vacancy rate, average asking rents near $22.12/SF/yr, and rents up 0.1% year over year. Source: multiple brokerage reports, Q2 2026.

Above-average vacancy gives buyers leverage and a wide set of comparables.

Office market FAQ

Is the Indianapolis office market tightening or softening?
Vacancy is around 20.0% (Q2 2026).

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