Marcus & Millichap | Institutional Property Advisors (“MMIPA”) has been retained as the exclusive broker in the sale of Corporate Center Lakeside (“the Property”), located at
5957-6035 Lakeside Boulevard, Indianapolis, Indiana. The Property houses the U.S. Department of Agriculture (USDA) under an original sixteen (16) year lease with a five (5) year extension that runs through October 31, 2023, the U.S. Geological Survey (USGS) under a ten (10) year lease that expires on July 31, 2020, as well as Herron. Due to the physical and locational attributes of the Property, the potential to renew both government leases on a long-term basis is likely.
Although there are seven regional USDA offices in Indiana, the Property serves as the headquarter administrative office for the State of Indiana and is, in effect, the mortgage lending arm of the USDA for Indiana. In 2015 alone, this regional office arranged for over $781MM in rural program investments.
One (1) of six (6) science mission areas, this office has the unique mission to collect and disseminate information on the nations water resources, including information on water-related natural hazards, groundwater management and surface-water resources, and protection of water resources for health and environmental quality.
- 78% Leased to GSA Tenants (USDA and US Geological Survey)
- U.S. Government Guarantee (AA+ Credit Rating, S&P)
- USDA Recently Exercised a Five-Year Extension through October of 2023
- Located in a Business Park and Adjacent to Indiana Wesleyan University
- Situated in Close Proximity to Interstate Highway 465