Build-to-Suit Outdoor Storage
1405 W Hanna Ave Indianapolis, IN 46217
For Sale
Contact for pricing
Pending
New build-to-suit industrial outdoor storage facility with 13 grade-level doors and steel-reinforced concrete.
Days on Market103
Property Features for 1405 W Hanna Ave
General Information
- Standard status
- Pending
- Property subtype
- Industrial
Listing Agency:
Fortis Net Lease
(248) 254-3406
Listed By:
Robert Bender · License #MI 6501323470
Source:
Crexi
Added: Apr 13
Changed: Jul 23
Last Checked: Jul 23 at 2:12PM
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
Location Intelligence
Current Use by Public Records
Maxim Crane Works
Construction Company
Similar Off Market Nearby
- A&j truck trailer service LLC storage facility — 1335 W Hanna Ave, Indianapolis, IN 46217
FAQs
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
