Warren & Company Arranges Off-Market $66MM Sale of Single-Tenant, Geico Leased Building in Indianapolis

Warren & Company announces it has completed the off-market sale of 101 West 103rd Street, a 323,000-square-foot two-story office asset located in Indianapolis, Indiana. The asset was sold for $66 million, approximately $204 per square foot, and is 100% leased to Geico for use as a call center.

Warren & Company’s President Robert J. Warren (in conjunction with Indiana Licensee BND Commercial) acted as a Transaction Broker working with both the Seller, Carmel Indy Holdings, LLC, and the Buyer, Real Capital Solutions (Denver, Colorado), to complete the transaction. 
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​Warren said, “This was a unique opportunity for the Buyer to acquire a quality single tenant asset, located in the City of Carmel, the best office submarket in Indianapolis.”

“Geico had been a tenant in the building since 2014, however, its expansion to occupy 100% triggered the potential sale of an asset leased to an Investment Grade Credit tenant.”
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“We are pleased that we could broker another trade to one of our valuable clients, Real Capital Solutions.”