Listed by Bradley Company Indianapolis, B+E
$4,995,000
Midtown Flex Building with Highway Visibility
Details
APN 49-07-27-111-022.000-701, 49-07-27-111-023.000-701, 49-07-27-120-102.000-701, 49-07-27-120-103.000-701, 49-07-27-120-032.000-701, and 49-07-27-120-031.000-701
Property Type Industrial
Sub Type Flex, Warehouse
Square Footage 34,610
Cap Rate 7.53%
NOI $376,365
Occupancy 100%
Year Built 1989
Year Renovated 2014
Stories 2
Acreage 5.440
Zoning I-2 & I-3
Parking Spaces 101 spaces
Parking Per SqFt 2.92
Ceiling Height 17' - 19’
Dock High Doors 6
Industrial | 7.53% CAP | 34,610 SqFt
Marketing description
Located centrally within the Martindale-Brightwood/Keystone submarket in central-northeastern Indianapolis, this investment offering, featuring a new occupant since 2023, suits wonderfully for many investor types. Leased on a triple-net basis to a private equity-backed company with decades-long dedication, service, investment, and commitment to the Indianapolis community, this offering provides a low-risk alternative for all investors. This offering features a building that contains two stories of office space as well as lots of warehouse space, all on a large tract of land with sufficient parking, but also allows room for growth of the improvement or parking allocation, if needed. Additionally, the property is situated within an amenity-laden area and has nearby highway access.
Investment highlights
- ± 34,610 SF (± 26,655 SF footprint; ± 18,700 SF of warehouse space, ± 15,910 SF of office space ((2) ± 7,955 SF floors))
- ± 4.50 AC
- Zoned I-2
- 101 Parking Spaces (99 Standard + 2 Handicap) (2.92/1,000 SF)
- Entire Building (Office Space and Warehouse Space) is Fully Climate-Controlled via Geothermal System
- 17' - 19’ Clear Ceiling Heights in Warehouse Space
- 3-Phase Electrical Service Throughout Warehouse Space
- (3) Overhead Doors - (2) Grade-Level Doors (1 – 12’ x 14’, 1 – 10’ x 14’) and (1) Dock-Height Door (8’ x 8’)
Listing Contacts
Listed by Bradley Company Indianapolis, B+E
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$376,365.33
$31,363.78/mo
Valuation Metrics
0
DSCR
7.53%
Cap Rate
7.53%
ROI
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