- Corporate Center North, Buildings 4 & 6 consists of two single-story office buildings of 88,904 sq.ft. (Bldg 4) and 12,823 sq.ft. (Bldg 6), totaling 101,727 sq.ft., located at 6026-6036 and 5915-5935 Lakeside Blvd in Indianapolis, Indiana, with direct access to downtown Indianapolis via Interstate 465.
- The buildings are currently 100% occupied. Tenants include Stericycle, Inc. (NASDAQ: SRCL) and Central Indiana Educational Service Center (“CIESC”) in Bldg 4 and First Group Engineering, Inc. and Metals & Additives Corporation, Inc. in Bldg 6. 75% of the total square footage is leased to Stericycle, a global compliance company that specializes in collecting and disposing of regulated substances, such as medical waste and sharps, pharmaceuticals, hazardous waste, and providing services for recalled and expired goods. It also provides related education and training services and patient communication services. With a 2015 gross profit of $1.26B on $2.99B in revenue and a market cap of $6.6B, Stericycle represents one of the strongest tenants in the market. Stericycle uses this location as a call center, which also coordinates and runs product recalls for clients.
- The property is strategically located across from Park 100 and benefits from direct access to Interstate 65, a main artery of the Indianapolis freeway system. Park 100 is a primary business park that serves the NW submarket and much of the City. Park 100 and Corporate Center North have historically attracted high-quality tenants and benefits from being a self-contained business environment in close proximity to both Interstates 65, 70 and 465 as well as the Indianapolis International Airport which is only 25 minutes to the south.
- 6026-6036 Lakeside Blvd (Bldg 4) was built in 1985 and 5915-5935 Lakeside Blvd (Bldg 6) was built in 1986.
- The buildings sit on 13.358 acres: Bldg 4 = 8.58 AC, Bldg 6 = 1.109 AC and 3.669 AC of open space/roads.
- The buildings are served by 519 asphalt parking spaces: 462 for Bldg 4 and 57 for Bldg 6.
- Bldg 4 includes a wet sprinkler fire suppression system, 2 overhead doors and 2 dock doors.
- Ceiling heights include 14’ for Bldg 4 and 10’ for Bldg 6.
- Zoning is “CS”
- Indianapolis is an increasingly sought after place to do business due to its highly educated and productive work force combined with the city’s strategic geographical location and transportation support systems. Indianapolis is the 13th largest city and the 29th largest metropolitan are in the United States. Its population is 883,107 with an extended MSA population of 1,852,515. The state capital is strategically located in the center of Indiana and in the epicenter of Midwestern United States travel with four primary interstates converging at the core of the city: I-65, I-69, I-70 and I-74.
- For more information, please contact
Matt Marks
Tower Investments, LLC
250 W. Main St., Suite 101
Woodland, CA 95695
(530) 668-1000 – telephone
(530) 666-5574 – facsimile
mattmarks@towerinv.com
www.towerinv.com
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