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Single-Tenant Industrial

5150 W 84th Street

5150 W 84th St, Indianapolis, IN 46268

Listing Price: $1,500,000

Cap Rate
7.61%
Gross SF
12,288
Price/Gross SF
$122.07
Lot Size
1.30 acres
Year Built
1979
Rentable SF
12,288

Investment Overview

Marcus & Millichap has been retained by Ownership as the exclusive broker in the sale of an industrial asset located at 5150 West 84th Street (’the Property’) in Indianapolis, Marion County, Indiana. The Property is comprised of a 12,288 square foot, single-tenant flex industrial building situated on 1.3 acres. Originally constructed in 1979, the Property was fully renovated in 2016, offers 18’ clear height, contains 2 docks and 1 drive-in door. Positioned on the northwest side of the City of Indianapolis, the Property is just one mile off I-465 with easy access to I-65, I-70, I-69, I-74, and US 31 allowing direct access to the entire Midwest. Indianapolis is a primary industrial, commercial, and transportation center for the Midwest. As the most centrally located of the largest 100 cities in the United States, Indianapolis is within 650 miles of 65 percent of all Americans, or more than 50 million households. The city is served by six major highways, six railroads, an international airport, and a foreign trade zone. Three ports serve the entire state and are all within a three-hour drive of Indianapolis. The hub of an extensive rail network, Indianapolis has a total of 26 rail corridors in operation, and five key freight facilities. Top-performing companies based in Indianapolis include Anthem Inc., Conseco Inc., Eli Lilly and Company, Guidant Corp., Duke Realty Corp., Hunt Construction Group, National Wine & Spirits, and Simon Property Group. Major employers include Clarian Health, Dow AgroSciences, Roche Diagnostics, and more than 20 others. The Property is 100% occupied as a regional center for an award-winning industry leader in commercial flooring distribution and installation. The tenant operates on a triple-net lease structure with annual increases that run into the end of 2023, creating a passive investment opportunity for any investor. The tenant has further renewal options providing additional potential stability. This investment opportunity provides the investor with an outstanding opportunity to acquire a a stable, hands-off cash flowing industrial investment leased to a stable tenant. At the current list price of $1,500,000 the investment generates an in-place net operating income (NOI) of $114,139, which equates to a 7.61 percent capitalization rate.

Investment Highlights

  • Single Tenant Industial Flex Building Fully Renovated in 2016
  • Just one mile off I-465 with easy access to I-65, I-70, I-69, I-74, and US 31 Access to much of the distribution intense markets in the Midwestern U.S.
  • 100% favorable NNN lease with annual increases and renewal options Passive cash-flow investment

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Single-Tenant Industrial

5150 W 84th Street

Listing Price: $1,500,000

Cap Rate
7.61%
Gross SF
12,288
Price/Gross SF
$122.07
Lot Size
1.30 acres
Year Built
1979
Rentable SF
12,288

Investment Highlights

  • Single Tenant Industial Flex Building Fully Renovated in 2016
  • Just one mile off I-465 with easy access to I-65, I-70, I-69, I-74, and US 31 Access to much of the distribution intense markets in the Midwestern U.S.
  • 100% favorable NNN lease with annual increases and renewal options Passive cash-flow investment

Investment Overview

Marcus & Millichap has been retained by Ownership as the exclusive broker in the sale of an industrial asset located at 5150 West 84th Street (’the Property’) in Indianapolis, Marion County, Indiana. The Property is comprised of a 12,288 square foot, single-tenant flex industrial building situated on 1.3 acres. Originally constructed in 1979, the Property was fully renovated in 2016, offers 18’ clear height, contains 2 docks and 1 drive-in door. Positioned on the northwest side of the City of Indianapolis, the Property is just one mile off I-465 with easy access to I-65, I-70, I-69, I-74, and US 31 allowing direct access to the entire Midwest. Indianapolis is a primary industrial, commercial, and transportation center for the Midwest. As the most centrally located of the largest 100 cities in the United States, Indianapolis is within 650 miles of 65 percent of all Americans, or more than 50 million households. The city is served by six major highways, six railroads, an international airport, and a foreign trade zone. Three ports serve the entire state and are all within a three-hour drive of Indianapolis. The hub of an extensive rail network, Indianapolis has a total of 26 rail corridors in operation, and five key freight facilities. Top-performing companies based in Indianapolis include Anthem Inc., Conseco Inc., Eli Lilly and Company, Guidant Corp., Duke Realty Corp., Hunt Construction Group, National Wine & Spirits, and Simon Property Group. Major employers include Clarian Health, Dow AgroSciences, Roche Diagnostics, and more than 20 others. The Property is 100% occupied as a regional center for an award-winning industry leader in commercial flooring distribution and installation. The tenant operates on a triple-net lease structure with annual increases that run into the end of 2023, creating a passive investment opportunity for any investor. The tenant has further renewal options providing additional potential stability. This investment opportunity provides the investor with an outstanding opportunity to acquire a a stable, hands-off cash flowing industrial investment leased to a stable tenant. At the current list price of $1,500,000 the investment generates an in-place net operating income (NOI) of $114,139, which equates to a 7.61 percent capitalization rate.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

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