Ziff Properties Inc. Sells Directors Row Business Center In Indianapolis For $18.1M
2401 Directors Row & 2495 Directors Row
$18,100,000
$84/SF
Building Size
214,200 SF
Asset Type
Office
Closing
Nov 4, 2026
About this deal
AI
The transaction involved the sale of the Directors Row Business Center, an eight-building office and flex-industrial campus totaling 214,200 square feet, located at 2401-2495 Directors Row in Indianapolis, IN. The property was sold for $18,100,000, with a price per square foot of $85. The campus is currently 91% occupied and includes 39 suites.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $18,100,000
- Square Footage: 214,200
- Address: 2401-2495 Directors Row
- Market: Indianapolis, IN
- Seller: Tim Walter - Ziff Properties Inc.
- Broker Representatives: Gus Poulos, Forest Bender & Zachary Rogers - Marcus & Millichap
Marcus & Millichap facilitated the sale, securing eight offers through its marketing efforts. The seller, Ziff Real Estate Partners, is based in South Carolina, while the buyer is located in Michigan.
On the Map
$18,100,000
$84/SF
Office
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Players
Nonantum Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93