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9045 E 59th St

Indianapolis, IN
Floors
3
Total Size
40,000 sqft
Zoning
Year Constructed
1928
Year Renovated
1998
Building Class
Class C

About 9045 E 59th St

The Fort Ben Office Building is a 40,000 square foot multi-tenant office building located on the former Fort Benjamin Harrison Army Base on the far northeast side of Indianapolis, IN. Originally built as a U.S. Army officers’ barracks in 1928, the Office Building was completely redeveloped into modern office space in 1998.

Asking price: $2,300,000 Current occupancy 64% 39,448 SF (29,558 SF above grade/9,890 SF storage and basement) 10 Year Leveraged IRR 16.50% Proforma Capitalization Rate 8.03% Two of the three existing tenants just renewed

Since closing in 1995 as an operational military base, “Fort Ben” has been redeveloped into the 340 acre Lawrence Village at the Fort – a vibrant planned development community comprising residential, retail, office, hospitality, and extensive recreational facilities, including a Pete Dye-designed championship golf course and an Indiana State Park. Among the many businesses that call “The Fort” home is the U.S. Defense Finance and Accounting Services headquarters which employs over 4,000 civilian and military workers. Located 12 miles from downtown Indianapolis and just south of the upscale Geist Lake residential community, The Fort is easily accessible from all points by I-465 and just minutes from some of the most prestigious residential addresses in the State which many of Central Indiana’s business and political decision makers call home. - Class of space: Class C - Tenancy: Multiple Tenants

Internet Providers for 9045 E 59th St

Provider Technology Max Download Speed Max Upload Speed
Indiana Fiber Network, LLC Fiber
10 Gb/s
50 Mb/s
Comcast Cable
1 Gb/s
25 Mb/s
AT&T Indiana DSL
25 Mb/s
1.5 Mb/s
One Communications Copper Wireline
6 Mb/s
6 Mb/s
MegaPath Corporation Copper Wireline
6 Mb/s
6 Mb/s
On-Ramp Indiana, Inc. DSL
6 Mb/s
1.5 Mb/s

The City: Lawrence

On average, listings lease in the $20's per square foot per year. The Lawrence submarket is going through a a rise in rates. In the last 3 months, the median rate rose $1 per sqft per year. That's a 6% rise in rent.

Median Rate Median Size
Lawrence $22
/sqft/yr
15,340
sqft

Median Rate over Time in Lawrence