36-Door Truck Terminal & Maintenance Facility
100% Occupied | Single-Tenant | Triple Net Lease | Heavy Industrial Zoning
Marketing description
2025 English Avenue, Indianapolis, IN, the (“Property”), is comprised of two (2) freestanding buildings collectively measuring 61,495 square feet, on one (1) 5.86 acre parcel zoned I3:
1) A 54,598 SF 36 Dock-Door Truck Terminal
2) A 6,897 SF Maintenance Facility with three (3) Drive-In Doors
The Property is 100% occupied by a single tenant on a triple net lease. The tenant is a privately owned logistics company that has been operating at this location for approximately eight (8) years and provides end-to-end shipping services on a national scale.
At closing, the tenant will sign a new lease with an initial base term of three (3) years, with one (1) three (3) year option.
At the current list price of $5,100,000, the investment is projected to generate net operating income (“NOI”) of $390,000 in the first year of ownership, which equates to a 7.65% going-in Cap Rate.
Investment highlights
- Three percent (3.0%) annual rent escalations in base term and in options
- Infill location featuring rare I3 zoning within Indianapolis’ established Industrial core
- One (1) mile from interstates 65 and 70 offering efficient regional access
- Favorable proximity to freight generating customers (manufacturers, food processors, distributors, steel users, construction suppliers, etc) and a deep labor market
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