Listing Agency: CBRE - Orange County a***@cbre.com Show Phone

Listed By: Anthony Delorenzo · License #CA 01706686

Source: Crexi

Added: Apr 11 Changed: Aug 29 Last Checked: Aug 29 at 5:47PM

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Investment Insights

Based on property information with market context.

The property is an industrial asset containing 118,850 square feet of building area. It is located at 245 S Franklin Rd in Indianapolis, Indiana.

The offering reflects a reported 6.50% cap rate and is presented for sale.

Key Highlights

• 118,850 SF industrial property
• Reported 6.50% cap rate
• 245 S Franklin Rd, Indianapolis, IN 46219

Property Analytics

Property Profile

Current Use

BOXED.COM INDY Department Store McFarling Foods Warehouse & Storage

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm HVAC Service Pharmacy Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

351

Businesses Nearby

Explore this area Business Placement

Demographics for 46219, IN

36,556

Population

17,028

Households

2.1

Avg Household Size

38

Median Age

26%

College-Educated

86%

High-School Grad

13.0 sq mi

ZIP Area

2,812

Density / Sq Mi

$57,811

Median Household Income

$38,995

Median Earnings

$991

Median Rent

$177,000

Median Home Value

Market

Vacancy Rate% for Industrial in Indianapolis, IN

4.3% 2019

5.4% 2020

4.1% 2021

5.3% 2022

9.9% 2023

10.5% 2024

7.6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Industrial property - Industrial asset with substantial building area and a reported 6.50% cap rate.

Where is this industrial property located?

The property is located at 245 S Franklin Rd Indianapolis, IN.

What are key features of this property?

This property features: 118,850 SF industrial property; Reported 6.50% cap rate; 245 S Franklin Rd, Indianapolis, IN 46219