Open Offering │ Medical Office Building │ Indianapolis, IN
Shore Terrace Medical Center
Investment Thesis
Overview
Join Apta in Shore Terrace Medical Center, a stabilized 42,632 SF medical office building in Indianapolis. The property is 89.8% leased to a healthcare-anchored tenant mix with a 9-year weighted average lease term in place at acquisition.
Anchored by Fresenius Kidney Care (Fortune Global 500 dialysis provider, lease through 2030) and Centria Healthcare (national autism therapy network, lease through 2038 with 2.5% annual escalations). Together, 81% of the building.
Acquired at $220.49 PSF, below the $235.89 PSF Indianapolis MOB comparable average. One vacant 4,357 SF suite presents near-term lease-up upside in a submarket with limited new supply.
Surgeons read this asset class better than most investors. Specialized buildouts, established patient panels, NNN leases. Healthcare tenants do not relocate. That is the thesis.
Why This Offering
Investment Highlights
MISSION-CRITICAL TENANCY
LONG-TERM LEASES
BELOW-MARKET BASIS
LIMITED NEW SUPPLY
STABILIZED INCOME
HEALTHCARE DEMAND
Capital Stack
Investment Details
Purchase Price
Price Per SF
In-Place Occupancy
Target Hold
Rent Roll
The Tenants
| Tenant | SF | Lease Through | Profile |
|---|---|---|---|
| Fresenius Kidney Care | 12,065 | Feb 2030 | NNN | Fortune Global 500 dialysis provider. Recurring patient care, mission-critical tenancy. |
| Centria Healthcare | 22,372 | Jun 2038 | NNN | 2.5% esc. | National Applied Behavior Analysis network. 10-year renewal option to 2048. |
| Flora Legal Group | 3,838 | Apr 2030 | NNN | 2.5% esc. | Indianapolis immigration law firm. Relocated May 2025. |
| Suite 230 (Available) | 4,357 | Vacant | Lease-up opportunity at $22.00 PSF NNN market rate. |
Raising Now
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This page is for informational and educational purposes only. It does not constitute an offer to sell or a solicitation to buy any security. Any investment offering is made solely through the Private Placement Memorandum (“PPM”) and related subscription documents. All information presented is summary in nature, subject to change, and qualified in its entirety by the PPM. Prospective investors must review the PPM, including all risk factors, before making any investment decision. Investment opportunities described on this page are available to accredited investors only as defined under SEC Regulation D. Real estate investments are illiquid and involve risk of loss of principal. Past performance is not indicative of future results.