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Warehouse

5111 E 30th St

5111 E 30th St, Indianapolis, IN 46218

Listing Price: $1,500,000

Cap Rate
1.54%
Gross SF
31,000
Price/Gross SF
$48.39
Lot Size
3.48 acres
Year Built
1953
Rentable SF
31,000

Investment Overview

Marcus & Millichap is pleased to present the sale offering of 5113-5117 E 30th Street, a value-add investment or owner-user industrial offering located in Indianapolis, Indiana. The property resides on the near northeast side of Indianapolis and sits off of I-70 and in close proximity to I-465, the I-70 & 1-65 interchange, and downtown Indianapolis, offering interstate access to the greater Indianapolis area and Midwest.

The subject property consists of four buildings totaling 31,000 square feet of warehouse, office, and storage space, in addition to 2 second story apartments. The property sits on 3.48 acres and was originally constructed in 1965. The property is currently 58.06% occupied by two tenants on monthly leases at below market rents, offering significant value-add upside through filling vacancies and signing new leases at market rents. The offering also presents an owner-user with the opportunity to occupy 13,000 square feet of recently vacated warehouse and office space and immediate street access.

The purchase of this offering presents an investor or owner-user with a significant value add offering with ample parking and distribution access that’s strategically located near downtown Indianapolis and priced well below replacement cost.

Investment Highlights

  • Value-add investment/owner-user industrial offering
  • Ample outdoor storage/parking – 3.48 acre lot
  • Significant value-add opportunity | Below market rents, monthly leases, & move-in ready vacancy
  • Strategic location | Located immediately off of I-70 and in close proximity to downtown Indianapolis
  • Priced well below replacement cost

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Warehouse

5111 E 30th St

Listing Price: $1,500,000

Cap Rate
1.54%
Gross SF
31,000
Price/Gross SF
$48.39
Lot Size
3.48 acres
Year Built
1953
Rentable SF
31,000

Investment Highlights

  • Value-add investment/owner-user industrial offering
  • Ample outdoor storage/parking – 3.48 acre lot
  • Significant value-add opportunity | Below market rents, monthly leases, & move-in ready vacancy
  • Strategic location | Located immediately off of I-70 and in close proximity to downtown Indianapolis
  • Priced well below replacement cost

Investment Overview

Marcus & Millichap is pleased to present the sale offering of 5113-5117 E 30th Street, a value-add investment or owner-user industrial offering located in Indianapolis, Indiana. The property resides on the near northeast side of Indianapolis and sits off of I-70 and in close proximity to I-465, the I-70 & 1-65 interchange, and downtown Indianapolis, offering interstate access to the greater Indianapolis area and Midwest. The subject property consists of four buildings totaling 31,000 square feet of warehouse, office, and storage space, in addition to 2 second story apartments. The property sits on 3.48 acres and was originally constructed in 1965. The property is currently 58.06% occupied by two tenants on monthly leases at below market rents, offering significant value-add upside through filling vacancies and signing new leases at market rents. The offering also presents an owner-user with the opportunity to occupy 13,000 square feet of recently vacated warehouse and office space and immediate street access. The purchase of this offering presents an investor or owner-user with a significant value add offering with ample parking and distribution access that’s strategically located near downtown Indianapolis and priced well below replacement cost.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

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