Investment Overview

Marcus & Millichap is pleased to exclusively represent for sale the Keith Lynn Business Complex, a 100% occupied, two-tenant, NNN leased warehouse at 8641 E 30th St, Indianapolis, IN. Built in 1965 and renovated in 2018, the 63,731 SF facility originally featured five units, which have been demised to serve two tenants, and sits on 4.26 acres in the high-demand I-70 logistics corridor. Division 7 Metals Partners, LLC (anchor tenant) is one of the Midwest’s largest metal panel manufacturers with a 25-year operating history serving Indiana, Illinois, Kentucky, and Ohio. In the building since 2006, Division 7 expanded in January 2024 by 11,304 SF to occupy 84% of GLA. The tenant has 5.3 years remaining on its NNN lease with 3% annual escalations and (1) 5-year renewal option at FMV. Sunrise Staffing, LLC dba Sunrise Market occupies 16.16% GLA under a five-year NNN lease as a specialty Haitian and international grocer. The lease includes a 10.4% rent bump in 2026 followed by 3.5% annual escalations. The property is in the Warren Park Industrial Submarket with a 3.4% vacancy rate. Rents have increased 3.6% YoY and average $7.34/SF (CoStar, October 2025), the subject property has an average rent of $6.44/SF, presenting upside at the end of the lease term. With ease of access to I-465 (175,424 VPD), I-70 (100,744 VPD), and I-65 (127,065 VPD), the property delivers exceptional logistics connectivity and proximity to major employers including Kraft Heinz, Adidas, Amazon, and Walmart. The Indianapolis MSA (population 2,138,468, rank 34th) is business-friendly with low living costs and an educated workforce supported by Indiana University Indianapolis (Enrollment: 20,568), Butler University (Enrollment: 5,763), University of Indianapolis (Enrollment: 5,018), Purdue University Indianapolis (Enrollment: 2,634), and Ivy Tech Community College. Within a 10-mile radius, the population is 609,758 with an annual household income of $88,337 and a daytime population increase of 26%. This 100% occupied, two-tenant, NNN leased warehouse presents an attractive investment opportunity with limited landlord responsibilities, strong in-place cash flow, below-market rents, and annual rent escalations. Its prime location, historic long-term tenancy, and industrial submarket growth trends position it for continued investment success, making it an ideal passive investment for out-of-area or 1031 exchange buyers.