Directors Row Business Park
Office | 8.00% CAP | 214,200 SqFt
Marketing description
This offering presents the opportunity to acquire Directors Row Business Center, an eight-building office and flex-industrial campus totaling 214,200 square feet at the entrance to Park Fletcher — one of Indianapolis's most recognized business parks. The campus is 91% occupied with a diverse mix of national, regional, and local tenants across 39 suites. Directors Row offers a compelling value-add profile through the conversion of gross leases to NNN leases, below-market rents with embedded upside, and vacancy lease-up potential. Since 2021, ownership has invested $2.3M into the assets through tenant-specific renovations, roof replacements, and HVAC improvements — providing a well-maintained and operationally sound foundation for the next owner.
The property features six flex industrial buildings and two office buildings, each with a timeless brick façade and flexible suite configurations ranging from small professional offices to large flex-industrial bays. With 40 drive-in doors spread across all eight buildings, the campus is exceptionally functional for a wide range of users. Directors Row is positioned directly across from Indianapolis International Airport with immediate access to the I-70 / I-465 interchange — making it highly attractive to logistics, e-commerce, and next/same-day delivery operators.
Investment highlights
- Roughly 50% of tenants are utilizing warehouse space throughout portfolio
- Directly across from Indianapolis International Airport — rated best in North America for 13 consecutive years
- 91% occupied with a diverse mix of national, regional, and local tenants across 39 suites
- 40 drive-in doors across all 8 buildings providing exceptional operational flexibility
- Value-add opportunity: conversion of existing gross leases to NNN leases, capture of below-market rents, and vacancy lease-up
- $2.3M of capital invested into the assets since 2021, including tenant-specific renovations, roof replacements, and HVAC work
- Eight-building campus totaling 214,200 SF with a timeless brick façade and a campus-like environment
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