Build-to-Suit Outdoor Storage
For Sale
Contact for pricing
Pending
1405 W Hanna Ave, Indianapolis, IN 46217
New build-to-suit industrial outdoor storage facility with 13 grade-level doors and steel-reinforced concrete.
Property SizeContact for details
Days on Market148
Property Features for 1405 W Hanna Ave
General Information
Standard status
Pending
Property subtype
Industrial
Listing Agency:
Fortis Net Lease
Listed By:
Robert Bender · License #MI 6501323470
(248) 254-3406
Source:
Crexi
Added: Apr 13
Changed: Aug 26
Last Checked: Sep 7 at 8:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fortis Net Lease
Investment Insights
Based on property information with market context.
This new build-to-suit industrial outdoor storage facility is designed for durable, long-term operations, featuring premium brick, stone, and steel construction. The property includes 20,785 SF of building improvements and is supported by over 23,000 SF of steel-reinforced concrete, along with 13 grade-level doors. The site is presented as a Maxim Crane Works industrial outdoor storage facility.
The property sits just off the I-465 and SR 37 intersection and is served by two gated access points along Hanna Boulevard. Downtown Indianapolis and the Indianapolis International Airport are both less than 10 miles away, along with access to nearly every highway in Indiana.
The asset is encumbered by a new 20-year absolute net lease, including a 12.5% rental escalation in year 10 and four 5-year renewal options. Maxim Crane Works is the lease tenant, with Maxim Crane Works Holding Capital, LLC as the lease guarantor; the guarantor is noted as S&P credit rated B, and the parent company Apollo Global Management, LLC (NYSE: APO) is noted as S&P rated A.
The property sits just off the I-465 and SR 37 intersection and is served by two gated access points along Hanna Boulevard. Downtown Indianapolis and the Indianapolis International Airport are both less than 10 miles away, along with access to nearly every highway in Indiana.
The asset is encumbered by a new 20-year absolute net lease, including a 12.5% rental escalation in year 10 and four 5-year renewal options. Maxim Crane Works is the lease tenant, with Maxim Crane Works Holding Capital, LLC as the lease guarantor; the guarantor is noted as S&P credit rated B, and the parent company Apollo Global Management, LLC (NYSE: APO) is noted as S&P rated A.
Key Highlights
- New build‑to‑suit industrial outdoor storage facility in Indianapolis, IN with 20,785 SF on roughly 12.8 acres
- 20‑year absolute net lease with 12.5% rental escalation in year 10 and four 5‑year renewal options
- 13 grade‑level doors plus over 23,000 SF of steel‑reinforced concrete
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
96
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46217, IN
34,725
Population
14,078
Households
2.5
Avg Household Size
35
Median Age
33%
College-Educated
89%
High-School Grad
21.2 sq mi
ZIP Area
1,638
Density / Sq Mi
$88,326
Median Household Income
$46,909
Median Earnings
$1,370
Median Rent
$226,100
Median Home Value
Market
Vacancy Rate% for Industrial in Indianapolis, IN
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Similar Off Market Nearby
- A&j truck trailer service LLC storage facility — 1335 W Hanna Ave, Indianapolis, IN 46217
Frequently Asked Questions
What type of property is this?
Warehouse - New build-to-suit industrial outdoor storage facility with 13 grade-level doors and steel-reinforced concrete.
Where is this warehouse located?
The property is located at 1405 W Hanna Ave Indianapolis, IN.
What are key features of this property?
This property features: New build‑to‑suit industrial outdoor storage facility in Indianapolis, IN with 20,785 SF on roughly 12.8 acres; 20‑year absolute net lease with 12.5% rental escalation in year 10 and four 5‑year renewal options; 13 grade‑level doors plus over 23,000 SF of steel‑reinforced concrete
