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INDIANAPOLIS-On behalf of its investors, Triple Net PropertiesLLC has purchased a two-building healthcare office property here.The 100%-leased asset, located at 220 Virginia Ave., was purchasedfor $100.8 million.Dan Prosky, managing director with Triple Net'shealthcare properties division, says the quality of the asset, thesustainability of the tenant and an attractive 7% cap rate in thefirst year made the deal viable for the company's investors. Whileit is too early to tell what the plans for the property will be,Prosky tells GlobeSt.com that the asset will be reviewed annuallyfor possible sale.

The plaza includes two, five-story office buildings ofapproximately 562,000 total gross sf. The property includes surfaceparking next to the buildings and a long-term agreement with theCity of Indianapolis for 2,000 spaces at the adjacent ConsecoFieldhouse garage. The property was constructed in 2000 as abuild-to-suit for Anthem Insurance Cos. Inc. and is currently fullyoccupied by Anthem on an absolute net basis.

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