This broad experience, combined with CARMEN Commercial Real Estate’s national experience representing hundreds of clients in most industries, gives UGC unique exposure to development and redevelopment opportunities throughout the United States. UGC is strongly positioned to identify under-performing assets and opportunities that can be improved by implementing thoughtful and creative leasing, redevelopment, and management strategies with the objective of increasing building occupancy, rents, and maximizing NOI.
Urban Growth Capital
Urban Growth Capital and North Companies, as the General Partner, are pleased to offer investors the opportunity to acquire a Limited Partner ownership stake in the 100% fee simple interest in 6855 Shore Terrace (the “Property”), a 37.3% leased, premier medical office investment located on the north side of Indianapolis.
The 42,627 square foot, two-story medical office property is situated upon 132,422 square feet of land. The Property’s first floor consists of three suites, totaling 22,428 RSF, and one current tenant, Fresenius Kidney Care. The Property’s second floor consists of five suites that can be combined, totaling 20,222 RSF, and one current tenant, Help at Home.
The Property is located approximately 10 miles from the Indianapolis Downtown area. It is a part of The Eagle Highlands Business Center, which houses a variety of businesses and medical offices. The Property is in close proximity to various IU Health Methodist medical office buildings, an outpatient center, and the Rehabilitation Center of Indiana. It features high traffic counts, ample parking, and a modern design.
Within 1-mile, demographics include an average household income of $52,500, an average home value of nearly $132,000, and a total population of 16,542.
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