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5602 Elmwood Ave Indianapolis, IN 46203

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For Sale
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Four-building industrial portfolio with value-add potential in Indianapolis.

Property size:
133,200 SF
Lot size:
9.54 Acres

Property Features for 5602 Elmwood Ave

General Information

Size
133,200 SF
Lot size
9.54 Acres

Source: Colliers Agent Alex Cantu

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Indianapolis Industrial Portfolio For Sale

Park Elmwood is a four-building industrial portfolio totaling 133,200 square feet. Constructed in 1978, the property features block construction and 16-foot clear heights throughout. The property is located off Emerson Avenue, two minutes from the I-465 interchange, providing access to the Indianapolis MSA and connectivity to eight major U.S. interstates. The property includes 91 loading doors (47 drive-in doors and 44 docks). The average suite size is 1,567 square feet. The property is currently 92% leased to 57 tenants, with a weighted average lease term (WALT) of 0.83 years. In-place rents are approximately 59% below current market rates. There is no new competing supply delivered or planned, and the competitive set vacancy is 5.46%. Multi-tenant industrial rents in Indianapolis have grown approximately 51% over the last five years, with a recent historically low vacancy rate of 3.58%.
Location Intelligence

Current Use by Public Records

The Dry Out Guys Water Damage Restoration Service Clear Choice Windows ... Home Improvement Store Park Elmwood Warehouse Harris Products Group Welding Supply Store A3P Logistics Group ... Logistics Service

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Casa Boricua

Location Insight

  • Map
  • Local Demand
City
Indianapolis
County
Hamilton
State
Indiana
Longitude
-86.071344
Latitude
39.705763

FAQs

What type of property is this?
Flex space - Four-building industrial portfolio with value-add potential in Indianapolis.
Where is this flex space located?
The property is located at 5602 Elmwood Ave Indianapolis, IN.
What are key features of this property?
This property features: - Immediate access to I-465 and connectivity to eight major U.S. interstates.; - Significant rental upside with in-place rents 59% below market.; - High density of loading doors (91 total) suitable for smaller industrial users.
More about this property
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