Single-Tenant Industrial
Mass Ave. Industrial
3823 Massachusetts Ave, Indianapolis, IN 46218
Listing Price: $7,336,000
Investment Overview
Marcus & Millichap is pleased to present for sale Mass Ave Industrial, a fully renovated 51,989-square-foot single-tenant net-leased (STNL) industrial facility located in the heart of Indianapolis, Indiana. Positioned on 5.60 acres and recently upgraded in 2022, this rare urban industrial asset offers investors a stable cash-flowing opportunity with a long-term, high-credit tenant. The building features 36’ clear heights, 17 drive-in doors, one dock door, and a robust power supply, ideal for a broad range of industrial uses. Originally constructed in 1930, the asset’s comprehensive modernization in 2022 covered nearly a full rehab and reconstruction which covered structural, mechanical, and aesthetic systems—effectively future-proofing it for years to come.
Market: Mass Ave Industrial is strategically located within the Indianapolis MSA, just minutes from downtown and surrounded by major logistic infrastructure. This key industrial corridor benefits from immediate access to I-70, I-65, and I-465, placing over 50% of the U.S. population within a single day’s drive. Notably, the asset is situated just north of a FedEx hub and near major employers and distribution centers. The submarket continues to exhibit strong fundamentals, with industrial vacancy sitting at 3.5% and market rents increasing 4.4% year-over-year.
Location: Located at 3823 E. Massachusetts Avenue, Indianapolis, IN 46218, Mass Ave Industrial benefits from excellent visibility and access. Just minutes from downtown Indianapolis, the property provides logistical advantages through proximity to I-70, I-65, and I-465. The surrounding industrial corridor supports a vibrant employment base and ongoing tenant demand driven by e-commerce, warehousing, and transportation.
Why Mass. Ave. Industrial?
Mass Ave Industrial represents a unique opportunity to acquire a fully stabilized, net-leased industrial facility in a supply-constrained, urban infill location.
The property’s strategic position within Indianapolis’ primary logistics hub, along with a strong tenant credit, annual increases, and minimal near-term capital needs, positions this asset as a safe and quality investment for private and institutional capital alike.
Stable Current Tenant Mix: The property is leased to Service Electric Company, a high-credit electrical contractor specializing in electric transmission and distribution system construction. The tenant’s parent company, “Quanta Services (PWR)”, reported $23.7 Billion in revenue in 2024. The tenant operates under a newly signed 7-year NNN lease, providing stable and predictable income for a new investor. The strength of the tenant, coupled with the asset’s functionality and modernization, creates a compelling low-risk investment profile.
Property Features: This single-tenant industrial building boasts 51,989 square feet of clear-span space with 36’ clear heights, 17 drive-in doors, one dock, and high-capacity power infrastructure. The flat, 5.60-acre site allows for seamless access and circulation. Fully renovated in 2022, the property’s upgrades offer significant value preservation and reduce future capital expenditures for ownership.
Investment Highlights
- $23.7 Billion Tenant Guarantor Revenue (2024) | 7-Year NNN Lease
- Full Renovation in 2022 | Structural, Mechanical, and Aesthetic Overhaul
- 36' Clear Heights | 17 Drive-In Doors | One Dock | Heavy Power
- Urban Infill Industrial Location | 5.60 Acres | 51,989 SF
- 3.5% Submarket Vacancy | Rents Growing at 4.4% YoY
- Immediate Access to I-70, I-65 & I-465 | Minutes from Downtown & FedEx Hub
Exclusively Listed By
Listing Price: $7,336,000
Investment Highlights
- $23.7 Billion Tenant Guarantor Revenue (2024) | 7-Year NNN Lease
- Full Renovation in 2022 | Structural, Mechanical, and Aesthetic Overhaul
- 36' Clear Heights | 17 Drive-In Doors | One Dock | Heavy Power
- Urban Infill Industrial Location | 5.60 Acres | 51,989 SF
- 3.5% Submarket Vacancy | Rents Growing at 4.4% YoY
- Immediate Access to I-70, I-65 & I-465 | Minutes from Downtown & FedEx Hub
Investment Overview
Marcus & Millichap is pleased to present for sale Mass Ave Industrial, a fully renovated 51,989-square-foot single-tenant net-leased (STNL) industrial facility located in the heart of Indianapolis, Indiana. Positioned on 5.60 acres and recently upgraded in 2022, this rare urban industrial asset offers investors a stable cash-flowing opportunity with a long-term, high-credit tenant. The building features 36’ clear heights, 17 drive-in doors, one dock door, and a robust power supply, ideal for a broad range of industrial uses. Originally constructed in 1930, the asset’s comprehensive modernization in 2022 covered nearly a full rehab and reconstruction which covered structural, mechanical, and aesthetic systems—effectively future-proofing it for years to come. Market: Mass Ave Industrial is strategically located within the Indianapolis MSA, just minutes from downtown and surrounded by major logistic infrastructure. This key industrial corridor benefits from immediate access to I-70, I-65, and I-465, placing over 50% of the U.S. population within a single day’s drive. Notably, the asset is situated just north of a FedEx hub and near major employers and distribution centers. The submarket continues to exhibit strong fundamentals, with industrial vacancy sitting at 3.5% and market rents increasing 4.4% year-over-year. Location: Located at 3823 E. Massachusetts Avenue, Indianapolis, IN 46218, Mass Ave Industrial benefits from excellent visibility and access. Just minutes from downtown Indianapolis, the property provides logistical advantages through proximity to I-70, I-65, and I-465. The surrounding industrial corridor supports a vibrant employment base and ongoing tenant demand driven by e-commerce, warehousing, and transportation. Why Mass. Ave. Industrial? Mass Ave Industrial represents a unique opportunity to acquire a fully stabilized, net-leased industrial facility in a supply-constrained, urban infill location. The property’s strategic position within Indianapolis’ primary logistics hub, along with a strong tenant credit, annual increases, and minimal near-term capital needs, positions this asset as a safe and quality investment for private and institutional capital alike. Stable Current Tenant Mix: The property is leased to Service Electric Company, a high-credit electrical contractor specializing in electric transmission and distribution system construction. The tenant’s parent company, “Quanta Services (PWR)”, reported $23.7 Billion in revenue in 2024. The tenant operates under a newly signed 7-year NNN lease, providing stable and predictable income for a new investor. The strength of the tenant, coupled with the asset’s functionality and modernization, creates a compelling low-risk investment profile. Property Features: This single-tenant industrial building boasts 51,989 square feet of clear-span space with 36’ clear heights, 17 drive-in doors, one dock, and high-capacity power infrastructure. The flat, 5.60-acre site allows for seamless access and circulation. Fully renovated in 2022, the property’s upgrades offer significant value preservation and reduce future capital expenditures for ownership.
Exclusively Listed By

