Three-Site Manufacturing
For Sale
Contact for pricing
Pending
2902 Tobey Dr, Indianapolis, IN 46219
Portfolio of occupied heavy manufacturing facilities supported by an absolute net sale-leaseback structure.
Property Size410,428 SF
Lot Size25.60 Acres
Days on Market142
Property Features for 2902 Tobey Dr
General Information
Standard status
Pending
Size
410,428 SF
Lot size
25.60 Acres
Property subtype
Industrial
Listing Agency:
Colliers - Indianapolis, Indiana
Listed By:
Alex Davenport · License #IN RB14049400
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 3:40AM
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 Colliers - Indianapolis, Indiana
Investment Insights
Based on property information with market context.
This manufacturing portfolio comprises three heavy industrial facilities serving structural steel fabrication, steel girder production, and bridge manufacturing operations. The properties together contain 410,428 square feet across 25.6 acres and are located in Indianapolis, Vincennes, and Terre Haute, Indiana. The Indianapolis property is identified at 2902 Tobey Dr, Indianapolis, IN 46219.
The sites are occupied by Lenex Steel Company and Wabash Steel Company. Lenex Steel operates from the portfolio and has been in business for 20 years, while Wabash Steel brings more than 100 years of bridge-building experience. Each facility is subject to a 12-year absolute net sale-leaseback, providing a consistent lease structure across the portfolio.
The sites are occupied by Lenex Steel Company and Wabash Steel Company. Lenex Steel operates from the portfolio and has been in business for 20 years, while Wabash Steel brings more than 100 years of bridge-building experience. Each facility is subject to a 12-year absolute net sale-leaseback, providing a consistent lease structure across the portfolio.
Key Highlights
- Three heavy manufacturing sites in Indianapolis, Vincennes, and Terre Haute, Indiana
- 410,428 square feet across 25.6 acres
- 12‑year absolute net sale‑leaseback for each site
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
331
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Manufacturing property - Portfolio of occupied heavy manufacturing facilities supported by an absolute net sale-leaseback structure.
Where is this manufacturing property located?
The property is located at 2902 Tobey Dr Indianapolis, IN.
What are key features of this property?
This property features: Three heavy manufacturing sites in Indianapolis, Vincennes, and Terre Haute, Indiana; 410,428 square feet across 25.6 acres; 12‑year absolute net sale‑leaseback for each site
