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Office Warehouse

Directors Row Business Park

2445 Directors Row, Indianapolis, IN 46241

Listing Price: $18,320,475

Cap Rate
8.00%
Gross SF
214,200
Price/Gross SF
$85.53
Lot Size
6.81 acres
Year Built
1985
Rentable SF
214,200

Investment Overview

This offering presents the opportunity to acquire Directors Row Business Center, an eight-building office and flex-industrial campus totaling 214,200 square feet at the entrance to Park Fletcher — one of Indianapolis's most recognized business parks. The campus is 91 percent occupied with a diverse mix of national, regional, and local tenants across 39 suites. Directors Row offers a compelling value-add profile through the conversion of gross leases to triple-net leases, below-market rents with embedded upside, and vacancy lease-up potential. Since 2021, ownership has invested $2.3 million into the assets through tenant-specific renovations, roof replacements, and HVAC improvements — providing a well-maintained and operationally sound foundation for the next owner.

The property features six flex industrial buildings and two office buildings, each with a timeless brick façade and flexible suite configurations ranging from small professional offices to large flex-industrial bays. With 40 drive-in doors spread across all eight buildings, the campus is exceptionally functional for a wide range of users. Directors Row is positioned directly across from Indianapolis International Airport with immediate access to the I-70 / I-465 interchange — making it highly attractive to logistics, e-commerce, and next/same-day delivery operators.

PROPERTY HIGHLIGHTS
- 214,200-square-foot gross leasable area across six flex industrial buildings and two office buildings, zoned for office and flex industrial use
- Clear heights ranging from 12 to 20 feet with side-loading dock opportunities, roll-up doors, ramp doors, and garage spaces
- Private mezzanine office space, engaging entrance/showroom configurations, and move-in ready suites available throughout the campus
- Established tenant roster including Nextech, Evens Time Inc., FE Moran, Motorola, and ATI Physcial Therapy
- Ideal for professional offices, research, development, data centers, laboratories, third-party logistics, and high-tech users

Location and Connectivity
- Directly across the interstate from Indianapolis International Airport, offering unmatched visibility and logistical access
- Directly off the I-70 and I-465 interchange — two of the region's most heavily trafficked highway systems
- Approximately 10 minutes from Downtown Indianapolis; easy access to I-465 and I-70 throughout the broader metro
- Positioned at the entrance of Park Fletcher, one of Indianapolis's most established and recognized business park submarkets
- Extremely attractive to businesses focused on e-commerce, logistics, and next/same-day delivery given proximity to the airport
- Surrounding neighbors include major regional and national employers throughout the Park Fletcher corridor

Investment Highlights

  • Roughly 50 Percent of Tenants are Utilizing Warehouse Space Throughout Portfolio
  • Directly Across from Indianapolis International Airpost - Rated Best in North America for 13 Consecutive Years
  • 91 Percent Occupied with a Diverse Mix of National, Regional, and Local Tenants Accross 39 Suites
  • 40 Drive-in Doors Across All Eight Buildings Providing Exceptional Operational Flexibility
  • Value-add Opportunity: Conversion of Existing Gross Leases to Triple-Net Leases, Capture of Below-market Rents, and Vacancy Lease-up
  • $2.3 Million of Capital Invested into the Assets Since 2021, Including Tenant-specific Renovations, Roof Replacements, and HVAC Work
  • Eight-building Campus Totaling 214,200 Square Feet with a Timeless Brick Façade and a Campus-like Environment

Exclusively Listed By

Office Warehouse

Directors Row Business Park

Listing Price: $18,320,475

Cap Rate
8.00%
Gross SF
214,200
Price/Gross SF
$85.53
Lot Size
6.81 acres
Year Built
1985
Rentable SF
214,200

Investment Highlights

  • Roughly 50 Percent of Tenants are Utilizing Warehouse Space Throughout Portfolio
  • Directly Across from Indianapolis International Airpost - Rated Best in North America for 13 Consecutive Years
  • 91 Percent Occupied with a Diverse Mix of National, Regional, and Local Tenants Accross 39 Suites
  • 40 Drive-in Doors Across All Eight Buildings Providing Exceptional Operational Flexibility
  • Value-add Opportunity: Conversion of Existing Gross Leases to Triple-Net Leases, Capture of Below-market Rents, and Vacancy Lease-up
  • $2.3 Million of Capital Invested into the Assets Since 2021, Including Tenant-specific Renovations, Roof Replacements, and HVAC Work
  • Eight-building Campus Totaling 214,200 Square Feet with a Timeless Brick Façade and a Campus-like Environment

Investment Overview

This offering presents the opportunity to acquire Directors Row Business Center, an eight-building office and flex-industrial campus totaling 214,200 square feet at the entrance to Park Fletcher — one of Indianapolis's most recognized business parks. The campus is 91 percent occupied with a diverse mix of national, regional, and local tenants across 39 suites. Directors Row offers a compelling value-add profile through the conversion of gross leases to triple-net leases, below-market rents with embedded upside, and vacancy lease-up potential. Since 2021, ownership has invested $2.3 million into the assets through tenant-specific renovations, roof replacements, and HVAC improvements — providing a well-maintained and operationally sound foundation for the next owner. The property features six flex industrial buildings and two office buildings, each with a timeless brick façade and flexible suite configurations ranging from small professional offices to large flex-industrial bays. With 40 drive-in doors spread across all eight buildings, the campus is exceptionally functional for a wide range of users. Directors Row is positioned directly across from Indianapolis International Airport with immediate access to the I-70 / I-465 interchange — making it highly attractive to logistics, e-commerce, and next/same-day delivery operators. PROPERTY HIGHLIGHTS - 214,200-square-foot gross leasable area across six flex industrial buildings and two office buildings, zoned for office and flex industrial use - Clear heights ranging from 12 to 20 feet with side-loading dock opportunities, roll-up doors, ramp doors, and garage spaces - Private mezzanine office space, engaging entrance/showroom configurations, and move-in ready suites available throughout the campus - Established tenant roster including Nextech, Evens Time Inc., FE Moran, Motorola, and ATI Physcial Therapy - Ideal for professional offices, research, development, data centers, laboratories, third-party logistics, and high-tech users Location and Connectivity - Directly across the interstate from Indianapolis International Airport, offering unmatched visibility and logistical access - Directly off the I-70 and I-465 interchange — two of the region's most heavily trafficked highway systems - Approximately 10 minutes from Downtown Indianapolis; easy access to I-465 and I-70 throughout the broader metro - Positioned at the entrance of Park Fletcher, one of Indianapolis's most established and recognized business park submarkets - Extremely attractive to businesses focused on e-commerce, logistics, and next/same-day delivery given proximity to the airport - Surrounding neighbors include major regional and national employers throughout the Park Fletcher corridor

Exclusively Listed By

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