Warehouse
Stout Field Cold Storage Facility
4001 W Minnesota St, Indianapolis, IN 46241
Listing Price: $23,400,000
Investment Overview
Marcus & Millichap is pleased to bring to market the Stout Field Cold Storage Facility, a 190,819 square-foot multi-tenant refrigerated and freezer warehouse building located on the southwest side of Indianapolis, Indiana. The Subject Property is situated in the Stout Field Industrial Park on the southwest side of Indianapolis with immediate access to Interstate 70 which goes through downtown Indianapolis via the Sam Jones Expressway and Interstate 465 which surrounds Indianapolis. Stout Field is also within immediate proximity to the Indianapolis International Airport to its west and the Central Business District to the east and is surrounded by other industrial users as well as over 171,000 people within a five-mile radius. The Subject Property is one of the only properties in the Indianapolis MSA that can accommodate the rapidly growing needs for refrigerator and freezer spaces for tenants needing less than 50,000 square feet, creating significant rent growth over the past few years as tenants have come for renewal and/or expansion. Additionally, over 60 percent of the gross leasable refrigerated and freezer spaces are 10 percent or more below the average rate signed in the past twelve for that use, which creates substantial upside potential for an Investor owning this Property into the future. When one accounts for the stability of having one of the only assets in the market that can accommodate this rapidly growing demand at well-below replacement costs coupled with the upside potential below-market rents on the leased space along with leasing up the current vacancy, the Stout Field Cold Storage Facility is one of the rare, fundamentally sound assets that should prove to be an incredibly strong performing investment for the savvy Investor.
Investment Highlights
- Stabilized 190,819 Square-Foot Freezer/Refrigerator Building with Diverse Rent Roll
- Incredibly Rare Product Type Benefiting from Tremendous Growing Demand
- Well Below Replacement Costs at Only $122 per Square-Soot
- Upside Potential in Below Market Rents and Vacancy Lease-Up
- Well Located in Established Industrial Park Less Than Eight Miles From Airport and Immediately Accessible to I-70 and I-465
- New Roofing System Installed from 2019-2022 | All Mechanicals Replaced / Updated Since 2018
Exclusively Listed By
Listing Price: $23,400,000
Investment Highlights
- Stabilized 190,819 Square-Foot Freezer/Refrigerator Building with Diverse Rent Roll
- Incredibly Rare Product Type Benefiting from Tremendous Growing Demand
- Well Below Replacement Costs at Only $122 per Square-Soot
- Upside Potential in Below Market Rents and Vacancy Lease-Up
- Well Located in Established Industrial Park Less Than Eight Miles From Airport and Immediately Accessible to I-70 and I-465
- New Roofing System Installed from 2019-2022 | All Mechanicals Replaced / Updated Since 2018
Investment Overview
Marcus & Millichap is pleased to bring to market the Stout Field Cold Storage Facility, a 190,819 square-foot multi-tenant refrigerated and freezer warehouse building located on the southwest side of Indianapolis, Indiana. The Subject Property is situated in the Stout Field Industrial Park on the southwest side of Indianapolis with immediate access to Interstate 70 which goes through downtown Indianapolis via the Sam Jones Expressway and Interstate 465 which surrounds Indianapolis. Stout Field is also within immediate proximity to the Indianapolis International Airport to its west and the Central Business District to the east and is surrounded by other industrial users as well as over 171,000 people within a five-mile radius. The Subject Property is one of the only properties in the Indianapolis MSA that can accommodate the rapidly growing needs for refrigerator and freezer spaces for tenants needing less than 50,000 square feet, creating significant rent growth over the past few years as tenants have come for renewal and/or expansion. Additionally, over 60 percent of the gross leasable refrigerated and freezer spaces are 10 percent or more below the average rate signed in the past twelve for that use, which creates substantial upside potential for an Investor owning this Property into the future. When one accounts for the stability of having one of the only assets in the market that can accommodate this rapidly growing demand at well-below replacement costs coupled with the upside potential below-market rents on the leased space along with leasing up the current vacancy, the Stout Field Cold Storage Facility is one of the rare, fundamentally sound assets that should prove to be an incredibly strong performing investment for the savvy Investor.
Exclusively Listed By

